Another Study Of US Dollar Behaviour
US Dollar seems to be conforming to a pattern of equal wavelength decreasing amplitude. We need more conformation from a breakdown and another complete cycle.
I agree the jury is out until we get at least one more complete, successful cycle, but those perfect hits on the edges of the last 2 arcs are very striking and must mean the arcs themselves are valid.
Northstar
The DX seems to be insignificant wrt Gold right now
Please have a Look at the Yen
Gold is most closely related to Yen.
Rambus is showing a breakdown in the Yen s the Dollar ( risk OFF)
There is no breakdown in Yen … on monthly chart. Price is still below a declining 12 month moving average. I know… nobody looks at monthly… too slow ;-(
https://goldtadise.com/?p=450633
See my Yen chart above Fully. Looks bullish to me.