Dollar Daily Chart
It has been a long time since I have posted a chart for the dollar but I think as it relates to Gold and miners, it is time to show what I think is about to happen. I had previously posted my thought about the wave 1 - 5 and it appears I am correct. I think there is a possibility that we do one last little pop in the dollar to finish wave 5 and then start our correction. The arrows pretty much tell the story that I am seeing develop. And being that I think that gold and miners may bottom in late March 2017, I am simply guessing that we have a running flat correction. So in a couple of days, I believe that being short the dollar is called for.
It has been a long time since I have posted a chart for the dollar but I think as it relates to Gold and miners, it is time to show what I think is about to happen. I had previously posted my thought about the wave 1 - 5 and it appears I am correct. I think there is a possibility that we do one last little pop in the dollar to finish wave 5 and then start our correction. The arrows pretty much tell the story that I am seeing develop. And being that I think that gold and miners may bottom in late March 2017, I am simply guessing that we have a running flat correction. So in a couple of days, I believe that being short the dollar is called for.