chartwatchers

DXY-Gold - Coupled again

TVC:DXY   US Dollar Currency Index
700 6 30
The inverse correlation between gold             and DXY             seems to be working again.
I'm quite sure the dollar is heading down to its DCL at or near to the bottom of the range (93-93.50$)next week. If the dollar is going down the dollar-inversely-correlated gold             will break up from the triangle and prints its daily cycle high next week.

The red rectangle shows when the dollar and gold             moving in correlation - this happens in the panic just like before and after brexit.
The green rectangle shows when gold             and dollar are in inverse correlation - this is the normal.
Friday's data was negative and Dollar should continue down. What do u think the top price gold may get this week?
+1 Reply
Thanks CW. An inverse relationship between gold and USD makes sense. What doesn't make sense is when they move together/couple up. How does this happen??
Reply
I call them "coupled " when the inverse realtionship is working. I think it's clear for everyone.
Dollar up - gold down.

When they both go up it's the panic time : escape to safe heavens. That happened near to the Brexit.
Reply
The coming G20 Meeting and the IMF-SDR reset is going to take a huge impact on the $ and gold. How is it going to affect the fx-rates and the counts in cycles of $, gold etc.? What do you think Arpi? The SDR reset will occur on October 1, 2016. Last time SDR reset happened on January 1, 2011 gold went down for a couple of weeks, then made it's way almost to $2000. Interesting insights: http://www.cdfund.com/wp-content/uploads/2016/08/SDR-Special-aug2016-DEF.pdf
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I think that will call the intermediate top in gold.
End of Sept-1st week of Oct. We should be at 1450-1500 at that time.
September will be a big gold rally.
Reply
epalazzo chartwatchers
Thanks for your reply. How do you think the transition to SDR as a Global Reserve and then to as a Global Currency will imapct the markets?
Reply
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