Nightstar
Long

A higher high in the US Dollar is still a possibility

TVC:DXY   U.S. Dollar Currency Index
89 0 3
Please keep in mind that the US dollar             could very well be in the process of printing a Half Cycle Low and could potentially break through trendline resistance as well as deliver a higher high before correcting down into a much anticipated Daily Cycle Low.

A higher high would also produce bearish divergence with our Stochastics, RSI , TSI indicators -- a reliable indication that a top is in place. Also, keep an eye on price action in the EUR/USD            
Comment: So far so good.. The Dollar has confirmed a swing low and is now on its way up to 96. For those of you trying to trade the 'bounce up' in Gold, I would recommend a little patience before placing your bets.. And I would also keep an eye on the EUR/USD
Comment: The 2 hour chart below is currently showing some really nice 'Divergence', which means the dollar could be dropping into a DCL.. If that is the case, then we could see a nice bounce in Gold over the next few days.

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