Goldtent TA Paradise

Cycles combine Price and Time to aid standard TA tools. Time counts are important in cycles to start looking for breakdowns near Cycle highs and lows (also half cycle moves as well). Trend lines are used to spot cycle tops and bottoms. The next three charts illustrate this fairly well.

The first chart is of the USD which entered the early part of its timing band to have made a Trading Cycle Low on day 19. The chart is from yesterday but the Dollar closed above the 10sma and my last Red down trend line, indicating we are on day 5 of a new Trading Cycle which is usually bullish.

Most of the recent USD Trading Cycles, however, have flamed out fairly quickly on or before day 8-9. Only the TC that topped out in late July lasted 21 days into its high. It was followed by a TC that topped on day 7 before moving lower. Today, the USD is now struggling to move past the 13ema today and next to break through for PM shorts to get moving here. Very weak if it can’t move past the 13ema resistance.

Added: USD 13ema is at 95.03 and the USD is now just above it with the HOD at 95.08 so lets see how we close.

LikesMoney thinks the USD will likely top on or before day 8 (around the FMOC next week?). I will let him explain why. (Note: His Daily Cycle is the same as my Trading Cycle. Typically you have 3-5 Trading Cycles (depending on the asset) in the longer term 5-6 month Intermediate Cycle).

https://likesmoneycycletrading.wordpress.com/2015/10/19/wait-for-it/

The next two charts are for Gold (from yesterday) and GDX today. Both show the PM complex breaking key Blue Cycle Uptrend lines, backtesting and failing.