Is Gold telling us something about the next direction for the dollar

If we look now at the weekly Gold chart we can see it has the the previous two touch trend line and has since bounce 20 points.

Gold Weekly chart

With this in mind this looks like a good set up for a long with a stop at 1150 targeting 1330 which is a good risk reward. Below is the 4hr chart which also hints at an inverse head and shoulders.

Gold 4 hour chart

We have also formed a strong bullish engulfing daily candle.

With this in mind it is likely we see a move lower in the dollar across the board and if you look at NZDUSD and AUDUSD weekly charts they have both held and bounced off weekly support levels.