USD and Gold
Here is a update on my Gold Fractal chart showing the price action at the bottom of the last two Intermediate Cycle Lows. Hedgies are short here so we could see a nice short covering rally.
Here is the USD Price action today. My downtrend fork held for the second day. Should the USD continue to move lower it will need to bounce at the Green Cycle uptrend line as a breach will likely indicate a move into a Trading Cycle Low.
Nice Work Surf City
Keep an eye on this guy folks
He is Forking Good !
says the one with the forked tongue. LOL