Look at the USD chart here.
courtesy of stockcharts.com
Look at it in conjunction with the gold chart below and here.
As I mentioned before, USD is just below what I expect will be resistance, and gold is right at what I expect will prove to be support.
Gold has moved up at least in part, because the dollar is going down.
What this means is I'm probably a little early buying GLD--more certainty could be obtained by waiting for gold support to hold, and dollar resistance to hold. However, when gold moves, its been moving quickly, and being early may benefit me here.
Or, I could be wrong and support/resistance may not hold. I won't wait for much of a downward move to get out of GLD.
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