Morning Update …

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The dollar has formed a swing high in the overnight.

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Tuesday is day 15 for the dollar.

The timing band for a low is from 18 – 25 days, so the dollar should find its low in the next 3 to 10 days.

This did not go unnoticed by gold.

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Gold was up on Monday, potentially sniffing out the dollar being ready to form a swing high.

Gold has started the day higher.

In order for this daily cycle to from as right translated, gold will need to break above 1625.

To establish a new pattern of higher highs, gold will need to break above the previous daily cycle high of 1640.

So far this morning, this has been a good stop in the right direction …

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