Dollar hit our target price but looks to be developing into a more complex wave (iv). Need more bars to be certain. It looks like we’re working on the ‘a’ wave down. Could be we’ll end up hitting the trend line shown…

0721_DollarEOD

$XAU:$GOLD chart is looking bullish. Trigger line crosses across the board.  However, it could easily reverse in a few days. Let’s see if it can cross back over the trend line or if the back test is rejected again…

0721_XAUGOLDDaily