CLEAR

After being rejected by the 50 day MA on dray 12 the Miners went on to print a failed daily cycle on day 15. The bounce out of the day 15 low did manage to close above the lower daily cycle band, which signals a new daily cycle. However the Miners have been unable to break above the 10 day MA and today closed below the lower cycle band. So if gold is extending its daily cycle then I believe that the Miners are extending their daily cycle as well, making today day 21. Therefore I think that we will see the Miners break below the day 15 low before printing its extended daily cycle low.