Gold is going lower, but DeCarley Trading's Garner sees one potential trade to play this summer

Gold is holding support near $4,000 an ounce, but a market strategist expects prices to move lower as a stronger U.S. dollar creates headwinds. The piece is a bearish near-term call on bullion, driven primarily by FX pressure rather than a change in physical demand or fundamentals.

Analysis

Gold is holding support near $4,000 an ounce, but a market strategist expects prices to move lower as a stronger U.S. dollar creates headwinds. The piece is a bearish near-term call on bullion, driven primarily by FX pressure rather than a change in physical demand or fundamentals.