Gold has now made a Higher High in week 14 of the Current Intermediate Cycle (IC) out of the Dec 2015 IC Low. This is very bullish as every IC during the long Bear had topped between weeks 8-11 (perhaps week 12 at most). Gold can push higher from here but we should expect a top soon (perhaps next week?) based on Gold’s typical IC Low patterns (see my first chart). Note the divergences are showing up on the RSI, Slow Sto and other indictors.

While the shorter term Trading Cycle counts are a bit obscured by the Pendant and Flag formation, we should expect the next IC Low sometime in the first two weeks of April based my cycle counts.

Remember, the next IC Low will recharge Investor Sentiment for the next leg up.

Screenshot 2016-03-13 15.23.30

Gold