Here is a great overview of what could happen over the next year:

[1] http://www.gold-eagle.com/editorials_08/connor080210.html

Note the author sees the dollar moving to 80 in the short term. He sees gold moving inverse to the dollar but I see a possibility that gold will move inverse to the Euro. Regardless, if the dollar goes to 80 and gold moves inversely, it will spike up now and come down later, or if gold moves inversely to the Euro it will fall now and move up later.

Personally, I prefer the scenario of moving inversely to the Euro because that means in a flight to safety gold and the dollar will move up together.

The longer term picture of early next year could be driven by an inverse relationship to the dollar again.