The dollar broke (marginally) through the declining trend line overnight.
It appears that this is day 2 of a new daily cycle.
It is interesting to note that so far the dollar is being held in check by the previous daily cycle trend line.
So if, in fact, this is day 2 of a new daily cycle, then this would be the 2 nd daily cycle in what could be a new intermediate cycle.
It is just we do not yet have confirmation of a new intermediate cycle.
The weekly chart shows the dollar is into the 4 th week of consolidating the 8 week sell off.
No swing low and declining trend line break has printed to confirm a new intermediate cycle.
It appears that gold has now broken below its rising trend line.
At day 9, this could signal 2 – 3 weeks of selling.
Cycle Trading 
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