DavidBelleFX

XAUUSD potential reversal

FX:USDOLLAR   Dollar Index
Dollar index             is at the previous highs back in August 2014. As you can see the Gold             correlation with USD is very apparent. Gold             is back in the dealer's buying range (B2B orders covered) formed in July/August. If we see the Dollar Index             come off of the current highs, then we should see a rally in Gold             . On the other hand, a break above these current highs on DXY             would lead to a further fall in Gold             with the next technical level at 1041
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