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.

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