See the expanded chart...
We see the complex correction clearly here. Also when Fed raised interest rates, contrary to classical thinking, Dollar did not strengthen. It actually depreciated.Probably the markets are not likely convinced about the Fed analysis of the economy strengthening. Indicators point out that the economy has been strengthening only feebly and is still prone to sudden shocks.The complex corrective wave of G or 2 has been going on for a year now and may end soon after the elections.Then dollar could enter into a new impulse or wave 3 of an existing impulse. That could see sustained dollar strength probably next year.
Next chart is of International Gold...
That could very well coincide with a sustained Dollar rise, since they inversely correlate.
This chart is that of USD INR..
Last chart is of Gold in rupee terms.. Iam re-posting this since it is easier to compare in one post,
This is my gleanings of the immediate term and medium term trends in Gold, USD INR and Dollar. Of course I may be totally wrong and that would only give me more learning opportunities.
I do not trade any of these instruments. My interest is solely that of a research student.