USD Cycle Update
Added: Here is an update from LikesMoney on the USD and Gold
https://likesmoneycycletrading.wordpress.com/2016/01/07/pin-action/
Today was day 19 of the USD’s current Trading Cycle (18-23 days TC Low to Low on average). It found support at a very interesting spot near the 20dma and my green cycle uptrend line.
My Blue Fork is still channeling price but the USD needs to hold here or a larger decline is very likely. Witness the price action on this chart whenever price breaks below a green cycle uptrend and/or the 20dma.
I find it interesting how the USD is declining as the Chinese are devaluing the Yuan but that is the nature of Time with respect to cycles.