Daily Gold Cycle

The daily gold cycle averages 13.6 days. A cycle inversion is often the precursor to a significant upward move, following a retest of band support (~1400-1410).

The next two pivots should be half-cycles in accordance with the cyclical inversion, and thus the decline to 1400-1410 should bottom 6.8 days from the previous local high that occurred on March 2nd. Therefore, the low should arrive Wednesday or Thursday next week (the 9th or 10th), with a retest of 1440 the following week mid-week. Following this, it is off to new highs.

Advertisements
This entry was posted in Experience. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s