USD Index and Gold Trend

USD index got stronger when Mr. Biden officially won US office 2 week ago. The USD Index up trend was extended until Jan 20, 2021.

However, USD index is making a trend reversal after Mrs. Yellen called for bigger stimulus package to support US economic recovery.

Gold was sold off from 1925 to 1805 and it is going to 1870-1875. Breaking the 1853-1856 is a positive sign for gold up trend.

Gold may drop to test the 1853-1855 and if the 1853-1855 is not broken. Gold will go up following Mrs. Yellen and Mr. Biden stimulus proposal.