Loading ...USD and Gold Cycles
Gold is on day 23 and has entered the early part of my Timing Band to find a Trading Cycle Low here. The USD is on day 16 and may have found a Trading Cycle Top today.
Added: A second, longer term Gold chart showing that Gold found support right where you would expect it to and right near the 6 month mark out of the Dec 2015 Bear Market low.
It is possible that if my cycle analysis on the USD is wrong and that it bounces hard out of its expected TC Low next week, that Gold could have one more Trading Cycle that rolls over quickly and we could move into a lower IC Low. In my experience, however, Bull Markets rarely have failed breakouts.
