Nu Yu writes: Technical analyses of the future direction of the U.S. dollar, the price of gold and the American and Chinese stock markets suggest that the near term pattern for each should be somewhat choppy but with a favorable upward bias for gold and the markets. Let me illustrate my findings with the following charts and explanations. The U.S. dollar index ($USD) completed the broadening descending right-triangle pattern and measured move up pattern last week reaching 81.44 in the projected price range between 81 and 82. The dollar is now in a correction pattern that could give a time-window for gold and stock markets to advance. It also could be setting up another bullish Measured-Move-Up pattern that consists of three parts: 1) 2nd up-leg, 2) a correction, and 3) 3rd up-leg as shown in the following chart. Once the correction ends the third up-leg could be projected at the same angle and length as the second up-leg which gives a price target of 82.5 within the next one or two weeks.

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