Long term prediction on US Dollar Currency Index, bottom on the DXY will be reach around 2020s.
Until that time we will see slow move down.
We are in F -> G move, which means small upward move should happen in several weeks maybe months.
Nonetheless, in long term I predict strong down ward move G -> H then I -> J , K -> L and M -> N.
If my scenario will actually happen then price of XAUUSD will move very, very strongly up - long term prediction.
Move on XAUSD will be comparable to the one in 1980s: http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
DXY is getting weaker and weaker over the time as Asia, especially China is getting stronger.
I only wanted to show main trend of the DXY, to be more precise please follow analysis of daily traders.
Rate hike odds: http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
My guess will be: no interest rate hike in Sept. so, dollar will go up and gold down.
I think FED may hike in December and that will cause opposite reaction to the recent situation, which will be: dollar down and gold up.
Until that time US/FED will be kicking the can down the road by low interest rates and increased debt ceiling.