“The market is oversold here,” and it’s a “good time to dip your toes in,” says Scott Bauer. He calls 2570 the “line in the sand” for gold as it continues to reverse its gains, but think we’re still in a “buy-the-dip environment.” The U.S. dollar hit a new 52-week high today, with Scott calling conditions “a perfect storm” and expecting it to trade between “massive support” at 104 and 111-112 to the upside. He’s bearish on crude oil, saying supply/demand dynamics are against it, and thinks it could fall below 65.

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