Friday's USD Close Critical For Gold - Jim Wyckoff

After an early morning U.S. economic data deluge Thursday, gold prices traded lower in the back of a resurgent U.S. dollar, which is what Jim Wyckoff is paying attention to. The USD's strength this week has Wyckoff eyeballing where it will close Friday to get cues as to where gold is headed next. "What's important is Friday's price action in the dollar index could determine the tenor of the raw commodities sector for the coming weeks, or longer," he says. Tune in now to see what levels the U.S. dollar will need to close to spark a bullish or bearish trend for gold prices as well as to get Wyckoff's market ratings for gold and silver. Kitco News, May 21, 2015.