The dollar bulls need to prove themselves here. Yet again, we’re testing the MA(200) and resistance as shown on the chart below. Another failure here, just as the dollar is overbought, and PM’s are oversold would have very bullish implications for PMs. Add to that the fact that the dollar is facing a cyclical downturn that will take us to 2023, and I see no reason to be bearish on PMs at this point.