Dollar daily chart
With the dollar making new highs today, One has to wonder if the count was wrong. If the count was wrong and we are only in wave 3, which it is starting to look like, then we could go up to 103 before correcting down to the newly made strong support. That would also make sense for an even higher wave 5 into the end of January which would correlate with my belief that gold will drop to at least 1115 to 1120.
With the dollar making new highs today, One has to wonder if the count was wrong. If the count was wrong and we are only in wave 3, which it is starting to look like, then we could go up to 103 before correcting down to the newly made strong support. That would also make sense for an even higher wave 5 into the end of January which would correlate with my belief that gold will drop to at least 1115 to 1120.