DXY, Gold, Silver and Channels. Wait it out.

For those concerned about GLD IAU SLV going up long term, look at this as a multi-day/week event. It will go up, but it likely needs to pull back more first. It's not news/media that's pushing this down, but rather simple mathematical Fibonacci trends and channels that are following through. DXY (the US dollar) will continue to rise until it either hits the top of its trend line or the edge of the channel. Gold (XAUUSD) and silver (XAGUSD) will continue to fall until it does. Sure, there will be micro-ups... but my personal recommendation is to wait until Gold gets to the bottom of the channel, and DXY gets to the top.

I'm not a professional or an analyst by any stretch of the imagination. This is just what I see right now.