U.S. Dollar

Gold is the inverse of the dollar with amplitude. It is this amplitude that creates fear.

Trading notes on the dollar:

1. The swing high within the gap has been tested on almost half the volume of the previous attempts.
2. While price has retested its highs, it does so without confirmation from cumulative force and momentum. REV and MOVB remain at lower highs.
3. These two conditions suggest that force of the rally is weakening.

U.S. Dollar Index ETF (UUP):


Gold will alway be an emotional game. It's emotional nature means anything is possible over the short-term. This rally, however, must meet with skepticism until a technical sign of strength negates above mentioned technical inconsistencies of the trend.