In a stunning change of momentum, gold prices disconnected from the strong inverse-correlation to the US dollar on Friday, plunging by over $20 points within a very short period of time while outpacing weakness in the dollar. Typically, the opposite would occur with gold prices ticking higher on the softness in the US dollar, however, this marked a change in prevailing momentum, heightening the risks of a serious correction lower in gold prices. With the multi-year trend lower intact and two longer-term technical patterns beckoning a more bearish outlook, there is a strong possibility that prices could fall below long-term support at $1140 per troy ounce. The descending triangle pattern which has been in formation for several years continues to experience a consolidation while the medium-term head & shoulders bearish pattern also highlights the bearish bias in precious metals. Any strengthening in the dollar could see a substantial pickup in momentum lower for gold prices.