Dollar & Gold @120808

In keeping with the festive spirits, the Dollar may be giving back some of it's multi-month gain vs the majors.. However, with consecutive quarterly closes above Dollar Index 80, the short term bias is side to up range within the 82/87 zone prior to level shifting up to the 88/92 mid-term levels..

DX-Gold @120808
Goldies & dollar bullies can look forward to better levels to hoard gold & their favorite majors as markets usually follow through over the medium term after violating the yearly ranges..
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Gold Weekly @120808
After flashing weekly cluster breaks below the 21&50 week ma for the first time since the initial run-up from 2002, Gold had confirmed a Golden cross with price capped below the 21&50 week ma clusters..
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Gold Monthly @120808
Gold had violated the 21 month ma since the last update @100308, the break of 21 month ma tilt the odds for a mult-year side to down correction..

Merry Christmas & Have'pip New Year..