Double equality target in gold?  Say what?  Looking at these moves as a series of three-wave corrections higher, we see that larger Wave (A) = (C) and minor Wave [a] = [c]…hmmm….due for a rest?  Could coincide with another short-term bottom in the US dollar….(second chart below)….

Gold

US Dollar Index: A push down toward are target...correction complete?

19 July 2019/11:46 a.m. ET

A few days ago we shared this view, targeting down toward 96.60 to complete minor Wave [ii] correction in three waves.  Well, we got to 96.67 for the low and have rallied since then.  Thus, this is part and parcel to our trades today.  Based on our intermediate-term view; and if this is a completed correction, the dollar is poised for a sharp rally. 

DXY

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