The Dollar Index is retreating from resistance despite another rate hike from the Fed. Follow-through below 89.50 would signal another test of primary support at 88.50. Respect of resistance suggests another decline; confirmed if primary support is broken.
Gold is stirring as the Dollar weakens. Penetration of the descending trendline suggests that the correction is over. Follow-through above $1340 per ounce would test resistance at $1360.
Breach of primary support by the Dollar would most likely fuel another primary advance for gold.