I think DXY will hit the upward sloping line from May 2011/May 2014 and bounce off.
Likewise the EUR/USD test the downward sloping line from May 2011/May 2014.
Gold's bear market ended at the end of 2015. There was low in December 2016 coinciding with a high in the DXY, but that was a higher low than at the start of the bull market.
Now Gold's going to test the current bull high of 1377. There's a lot of auto-buying that will kick in if it clears that, and if successful Gold will have a clear runway to at least the 1400-1415 area.
Beadell is another story. No faith in them until they get their act together, if they ever do.
BDR Price at posting:
14.0¢ Sentiment: Sell Disclosure: Held
