We all know Gold (and all Commodities) tend to be closely and inversely co related with the US Dollar Index

Personally I am waiting ( and have been for a LONG TIME) for the time when Gold doesn’t give a rats asp

what the Dollar is doing.

IF we are going to rally here and a real Bull has begun…It would be great to see gold rally even IF the Dollar goes up

Since the Dollar Index ran hard and fast from 80 to 100 we have been chopping around in a range 93 to 100

last week we broke DOWN from this range to 92 and things looked very promising for Gold

But we bounced ( in hind sight we had to bounce…see chart) and are now back at the low end of the range

One Principle of Chartology is that when a Good Pattern breaks down and then reverses…we usualy get a strong move in the Opposite direction.

It is certainly possible , perhaps even likely, that the Dollar will do this and perhaps climb back to the top of the range at 100 . (Shoot the messenger)

Can Gold Rise with the Dollar ..at least for a while ?

Would love to see a few of You Bright Original Thinking Technical Analysts go back and see how and when there were Periods like this .

I am tired of “hoping” for the Dollar to drop when we are Long PMs or to Climb when we are short.

The Odd Couple ? Is there a chance ?

TIA

Fully

goldbuck