So essentially BIS is the central bank’s bank! Now using simply the “Effective Exchange Rate Indices – Monthly, Real, Narrow (27 economies), United States”. It correlates well to dxy… but extends wayy further back.

Using it as an oscillator.. we can pinpoint its effect on gold bottoms and tops.

This chart highlights the effect on gold bottoms. Adding a monthly MACD.. and we can sense we are on the brink of something big.

Could be another “shakeout” in the cards before the next big move… or maybe not. This does show our current move from 1100 to 1750 was just the prelude!