We should complete a TD Sequential buy set up 9 on the daily charts of @ DX & DXY today. On the hourly charts a complete TDSEQ 13 buy countdown is completing. The structure seems to count best as a leading diagonal from the early Jan top. Consequently, it appears that we could get a retrace here, although the leading diagonal could still go a little lower, it already has gone far enough where wave 5 does beyond wave 3 on the hourly. This suggests that gold has another leg down before it completes this retrace of the initial wave up.
While @GC hit the .382 retrace from the Dec 2016 low and is bouncing, it also exceeded the 1196 TD Propulsion down threshold which projects a decline to a minimum of 1180, close to the full gold price harmonic of $34 from the of 1220 top @ 1184.
This wave counts best as a compound wxy on the hourly charts of @GC so far. USDJPY and EURUSD hourlies also suggest this scenario.