DXY 1W - Elliott waves - update

TVC:DXY   Indeks Mata Wang US Dollar
Decided to make an update on my last plot of DXY             from 24th Aug '17 (chart below).

So far, everything looks good!!

We are still in F -> G move I'm expecting price continue to move up until December 2017.

Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp.

XAUUSD             ( gold             ) will trade in opposite direction as DXY             , it means XAUUSD             will move down until rate hikes.

Expecting XAUUSD             to move strongly up next year, while DXY             will go south G -> H move.

Perdagangan aktif
Perdagangan aktif: Let's wait for FOMC and interest hike! From that time DXY will go down and XAUUSD will move north.

Rate hike odds are 90-100% depending on website you check:
Perdagangan aktif: Everything is going on as expected, XAUUSD up and DXY down.
Perdagangan aktif
Perdagangan aktif
Perdagangan aktif
Perdagangan aktif
So now still LONG?
+1 Balas
You're a bit too late, soon DXY will reach top, I would rather await for FOMC meeting.

There is very high % for FED to hike rates

That in turn will cause DXY to move down (G -> H) and XAUUSD will go up.
rafalo Simon_says
@Simon_says, I don't want to jump now. Just Yours "Trade Active" is not clear for me. I would like to wait for XAUUSD bottom as I think that going long in XAUUSD is much safer than be short...
+1 Balas
"Trade active" means my analysis is still valid but you need to take in consideration time frame.
u view same my view in collapsing , very excellent
+2 Balas
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