Gold & USDX + €$

Here is the DX. b& below Eurusd & Gold. The Euro had a very strong session on Friday and seems intent on reaching the pink/magenta CL at 1.3660 ish. The DX has strong support at 78.00 in the form of a horizontal CL and this would be bang on the .618 Fib RT level. I would not be surprised to see a gap-up opening on EurUsd to the CL tonight in Asia . Whatever happens tonight at some point this week i would expect to see a long USD opportunity...perhaps somewhere between 77.50-78.00. We should also know by the end of this month/early Feb if we are seeing s US$ retracement or a $ reversal. I still can't reconcile myself to completely abandoning all hope for the US$ but the three failures to break through the 81.50/80 level must be paid for!






























Gold: Struggling against the reaction line first spotted several weeks ago in early jan. There is a discretionary pitchfork CL approaching but this was mearly drawn by me to show the frequency/width of the previous impulse wave but we have a topping formation ( in my opinion) that indicates a new down trend but this has yet to be confirmed by taking out the previous lows between 1330-1315. We are however well overextended and one would at least expect a test of 1300 if we take out 1330/1315. There are several ML's between here and there where price could hold but its one market to watch this week.