The dollar formed a swing high today, which was day 9.
This looks like a daily cycle top.
The dollar never broke above the declining trend line to confirm a new intermediate cycle.
I now expect to see the dollar trend lower over the next 2 – 3 weeks into not only a daily cycle low, but an intermediate cycle low.
Keep in mind that the dollar has a tendency to plunge into intermediate cycle lows sending precious metals soaring.
The Miners formed a swing low today.
With a swing low and trend line break, that makes Thursday day 1 for the new daily cycle.
I suspect we can expect to see the Miners rally as long as the dollar is seeking out its low.
Same can be said for silver
Silver also formed a swing low and had a trend line break.
And let’s not forget gold.
What I want to point out with gold is that it had a rather shallow correction of 48 points.
That is something that we will need to pay attention to going forward if we start to witness shallow corrections.
So this looks to be day one for gold and precious metals.
As I stated earlier, I suspect to see the precious metals complex rallying until the dollar finds its bottom in 2 – 3 weeks.
So it looks like gold is leaving the station …
Cycle Trading 
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