Have the Inverse Directional Post-Trump Reactions in Gold and The Dollar Reached Extremes?
From the look of the enclosed inversely-related, mirror images of DXY vs. Gold, my pattern work suggests strongly that each has a bit more road to travel in its current direction prior to my expectation of a significant reversal--down in the Dollar, and up in Gold.
In terms of spot Gold, my target window is $1223 to $1205, from where I will be expecting a pivot upside reversal into an upside traverse of its July-Nov price channel (see light green demarcation lines on the lower chart).
Such a scenario will argue for one more pop in the DXY to a 99.10/40 target zone, prior to the initiation of a downside traverse of its May-Nov price channel (see red demarcation lines in the upper chart).