DXY – NYBOT Dollar Index (Last:80.75)

Are there any hints that a weak dollar will help bullion make the turn higher?  So far, there’s not much to go on.  Last Friday’s run-up missed an 81.63 rally target by 0.29 points, and DXY has been in purgatory since.  The midpoint associated with the target lies at 80.60, and a close beneath that number today would be telegraphing weakness next week.  Please note, however, that a second midpoint resistance at 80.98 has already been busted, tipping the short-term bias moderately bullish.