Long term prediction on US Dollar Currency Index, bottom on the DXY will be reach around 2020s.
Until that time we will see slow move down.
We are in F -> G move, which means small upward move should happen in several weeks maybe months.
Nonetheless, in long term I predict strong down ward move G -> H then I -> J , K -> L and M -> N.
If my scenario will actually happen then price of XAUUSD will move very, very strongly up - long term prediction.
Move on XAUSD will be comparable to the one in 1980s: http://www.macrotrends.net/1333/historic...
DXY is getting weaker and weaker over the time as Asia, especially China is getting stronger.
I only wanted to show main trend of the DXY, to be more precise please follow analysis of daily traders.
Rate hike odds: http://www.cmegroup.com/trading/interest...
Interest rate hike carried by J.Powell on 21st March 2018 will push XAUUSD up (over 1400$/oz) and DXY down ( I -> J). However, until that time XAUUSD may go temporarily down ~1300$/oz.
Interest rate hike will take place on 13th Jun 2018, according to FED's Rate Monitor and FED Watch websites:
In both cases there is 100% for rates to be raised up to 1.75-2.00, that will push DXY down (I -> J) gold will go up.