Cycle Trading

Four days into this new daily cycle and the dollar appears to be topping.

Thursday is the second day that the dollar has retreated from the highs of the day.
We have discussed before that this new dollar daily cycle holds the promise of also marking a new intermediate cycle.

So far it appears that is not happening.
New intermediate dollar cycles tend to explode out of the lows and, so far, that is not happening.

We may be seeing one last failed daily cycle for this current intermediate cycle.

Oil, which is sensitive to the dollar, maybe signaling that the dollar is topping

Thursday is day 62 for the current oil cycle.
And oil printed a bullish reversal today.
A beak above 93.09 forms a swing low and likely a new daily cycle.

So if the dollar’s daily cycle does roll over here, what would that mean for precious metals?

This snapshot shows that Platinum & Palladium clearly corrected while Gold and Silver are trading sideways.

Gold and silver have held up well in this recent dollar strength.

Maybe we will get another leg higher by the dollar finally causing gold to correct
Making the following scenario an academic discussion.

However, what happens if the dollar rolls over here into one more failed daily cycle?
What would that do to gold?
Oil’s strength today suggests that this is a possibility.

Under the scenario of the dollar rolling over in the next day or two causing gold to break higher, we may be forced to recognize Thursday as a stealth daily cycle low.

If the dollar does roll over here, we will need to …