Here we can see clearly that in next few days, weeks or months for the Dollar Index it’s going bullish, we can see clearly it’s on top of 21EMA, 50&200 SMA. As we know the US Dollar Index correlate perfectly with Gold(XAUUSD) so we see that the Dollar is gaining strength and it’s moving on top of moving averages that tells us clearly that Gold is going to be weak for coming days or weeks in favour of strong US Dollar especially with that start of positive news from US economy(durable goods orders).
