Gold Futures Price Action, page-3

As both POG and the USD are inverse-related, I thought I'd take a brief look at the USD Index weekly chart.

Well isn't this a bearish looking chart! PA is threatening to rollover below 2015 horizontal support which should happen shortly.
MACD formed a bearish down cross during early-Q1 with an expanding -ve histogram since the start of the year. In fact, the histogram is at its lowest level decreasing since mid-2010 before the index reached its interim low during mid-2011. This is a bearish signal.
Stochastics have been forming lower lows all year since leaving the overbought region. This too is a bearish signal, however both signals together are very bearish. Momentum is strong to the downside.

Target lows are indicative only, however LT the US Dollar Index will be much lower than it is today.

Mid-year target low 90.84 at the 38.2Fib retracement - a fall of 3%
Year-end target low 87.79 at the 50.0Fib retracement - a fall of 6%

Cycle target low could be <80.0 during 2017 - a fall of >15%