As long as we continue to close above $900, I see no reason to be bearish (this is an important caveat)
Seasonals suggest a breakout above $1K will either occur this month or in November
In the meantime, gold is just taking its time
The US Dollar Index's bounce which is likely to occur in the early part of this month will be marginal, and am not expecting it to exceed 81.5-82 on any bounce (if it does, obviously I was wrong)
New lows are ahead, therefore, for the Dollar Index, and yearly highs are ahead for the Euro, and commodities look quite bullish for the coming weeks ( http://www.traders-t...howtopic=109410 )
Such an environment is ideal for the yellow metal to prosper or at least meander (as it tends to do before big moves higher)
