DX is still very healthy and bouncing off its 1 year uptrendline after retracing over 50% of its May to July rally. Lower oscillators got very oversold and are rebounding along with price now. If price continues to rebound and clears its downtrendline at just over 82 it would suggest a rally to a double top. Meanwhile any rebound in DX will trash most inverse markets. Historically the seasonal trend for DX shows a strong rally in the 1st 1/2 of Sept and then a sharp selloff the 2nd half. No guarantee that will repeat but it pays to keep an eye on the seasonals. Here is Dec Gold. Price while poking its nose above its downtrendline isn't exactly setting the world on fire. This so far is a very questionable breakout that got very overbought and is consolidating and perhaps correcting back again. I suppose any major "Headline" in the next little while will ignite or douse this rally sharply higher or sharply lower soon enough. Seasonal trends in Gold tend to see a rally into Sept but can end early or run right through most of Sept so that isn't much help being we are at the end of Aug already. A pullback to 1633 area would be where to get long with a stop at your comfort level below. Much like Silver on a pullback to 30. If they blast off from here you wont see those pullbacks. The major Gold stock ETF:GDX has not cleared its major downtrendline much like many Gold stocks and has just bumped up against it and is pulling back. And Copper has also refused to re-clear its 1 year downtrendline and the Aussie dollar that is the poster child for "risk on" is also breaking down. No cigars there either. So no green light on all these markets other than the bullish clearing of 30 by Silver that has to prove it can hold above that price point. But its not time yet to write off DX. And we all know what it can do to other markets.