Gold & USDX + €$

After yesterdays somewhat premature assessment on the FTSE we held at 5900.00 and have rallied- however i am still suspicious and wary of price and think we may see further weakness and will go back to test the 5900 level sooner or later.In the meantime here is GOLD which also has shown a strong correlation to equities recently. Remember last weeks fall in Gold and my attribution of a certain reaction line? Well price is making its way steadily back towards this line and it could be a possible short setup but it is far to early to tell and i will post my entire setup entry and trade sheet before i take any position. Here are the current Gold charts and in the larger TF you can see the down sloping RL which lies above price at around 1390.00$









The DX has so far had a very shallow retracement and looks as though it may well fiannly break out of this range especially with EurUsd stuck in a range 12900-1.2960 but i remain flat until more is revealed. At the moment the current 60min DX formation could almost be classed as a double top and we need to see a HH before the risk of this possibility is over.