Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls. : Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls: Gold once again has taken back seat as trade war concerns have come to the front. DXY has been strengthening and so gold prices have retraced back around $1200. The price of gold finished August with its fifth consecutive monthly decline and its biggest losing streak in over five years. Rebound in the U.S. dollar threatens to undo gold's recent progress.