From the hourly candlestick chart, the U.S. Dollar Index is flattening out, while gold appears to be turning downward. Gold has clearly lost last week’s buying support today. Last week, when the U.S. Dollar Index hit the upper band on the hourly chart, gold was at 4340, whereas today, with the U.S. Dollar Index at the middle Bollinger Band, gold is already close to 4340. Therefore, the support around 40 could be broken in the short term. We need to see whether the U.S. Dollar Index moves above the upper Bollinger Band before considering entering small trend-long positions. Those who opened short positions should also consider reducing their positions somewhat at the current level around 40. For now, treat the market as moving sideways on the hourly U.S. Dollar Index chart. $XAUUSD