Possibly the fly in the ointment at the moment for PM bulls. Close examination of some of the indicators suggests DXY has time (just) to put in a final spurt (perhaps to the 103 area). MACD and TRIX  both suggest a ‘zero line crossover’ in December if timings are consistent. The behaviour of the Stocharstic indicator is anomalous. What I mean by that, is having begun its downtrend, it has just shown a bullish cross. This is unlike the previous 2 occasions and cannot be ignored. My take on this is that we are in uncharted territory here. I believe the Dollar is stretched and has responded to some very unusual monetary policy. Others, of course, believe the Dollar Cycle will fail this time. In my view, that’s not the case, but whether this can be extended long enough to break above 100 again is probably going to make the difference between gold breaking out successfully from that lovely rounded base formation (falling no lower than approx. $1265), and the second possibility (shown on my second chart), where gold falls to test the red hot line that CANNOT be broken for a bull market. That would mean the rounded base pattern ‘morphs’ into a flat topped wedge.