The Euro ($XEU) is saying it is done with its bull run for now.
The negative divergences of price to RSI and MACD indicate momentum is collapsing. And the Euro has fashioned a perfect 5 point reversal pattern
with three drives to the top. It needs to break below the lower trend line to confirm, but that could happen at any time now. To me, it looks like a serious Euro correction is imminent.
The other end of the Euro teeter totter is of course the US dollar. So Euro down/dollar up.
The USD is now breaking out topside. That will likely cause a head wind for PMs and the miners.
Of course gold CAN rally against a rising dollar, but its sailing against the wind.

$XEU – Daily