Gold up, dollar down - does it last? Things technicians don't like to say

Gold moved up as the dollar moved down of course (and the euro also up as noted earlier here). Does it last? Here are some things that chart technicians don't like to say, especially when a pattern like the symmetry target for the dollar doesn't provide support. When one pattern seems to be working, but then "breaks," abandon it! But what to replace that with - specifically, does gold now skyrocket and the dollar tank to new lows? The thing is, gold still has not made a definitive new high, while the dollar and euro are testing new levels (of support / resistance, respectively). True, I did have an intermediate target for gold at $1024, before the $1192 level, so it might get to either ... but I cannot call that definitively (yet).

Picking tops or bottoms is a nervy business, especially when one support level is so close to the next that it has traders asking, is this it? is this it?


So this does make me hesitant to call that the dollar may reverse from the .618 "wave 2" level, and that the euro reverses from its resistance levels (posted here earlier).

Or that gold does the inverse and moves down.

But from a chart perspective, these things still could happen. And I would not want my readers to feel complacent that such reversals won't happen. So I believe I should point out the potential.