Gold Down 2% In Aftermath Of Israel-Iran Conflict

Spot Gold is down 2% in the aftermath of the Israel-Iran conflict...

What now?

From the Big Picture pattern perspective exhibited by my attached Monthly Chart, my preferred scenario argues for a rangebound market above 3120 and below 3520 for 1 to 3 weeks ahead of another upleg that propels Gold to new ATHs... 

As for the influence of the US Dollar, my attached Weekly Chart indicates that unless and until DXY recovers and sustains above 101.00, the dominant powerful downtrend will prevail and points DXY toward a full-fledged test of the 2011-present support line that cuts across the price axis in the vicinity of 96.50... Last in Gold is 3328... Last in DXY is 98.02...