Loading ...New Trading Cycle for Gold
Gold has now had 2 back-to-back short Trading Cycles at 21 and 20 days and both were very mild TC Lows compared to what we have seen during the Bear.
This begs the question on how much of a pull back we will see in the early April timeframe when I expect the longer term Intermediate Cycle Low. Perhaps it will be milder than we think (see my 2nd Chart).
Norvast suggested I take a close look at the chart out of the 2008 Bear Market low for clues on what kind of price action we might expect going forward.
Excellent Presentation Surf