Loading ...Gold Cycle Update
I have Gold on Day 12 of a new Trading Cycle and possibly a new Intermediate Cyle as well.
This is about where we often see a half cycle low. If so, we may test but should not break my lower fork line.
Added: A second Gold chart with a very simple Trading Cycle trend line rather than a Fork.
So if we drop to 1219/1220, we break my Fork but not the Trading Cycle trend line. If either of these plays out, it should happen in the next few days I would think as half cycle lows are usually fairly quick.
If we drop below the 1219 area, this would likely indicate that the IC Low is not behind us and that 1206 will be retested and perhaps broken.
