Loading ...New Intermediate Cycle for Gold?
Here is my Gold Intermediate Cycle analysis from last weekend, and it would appear that the IC Low is behind us.
https://goldtadise.com/?p=371580
But to actually confirm a new Intermediate Cycle, Price needs break above my red Intermediate Cycle down trend lines for both Gold and the Miners (GDX). Friday’s move was very bullish but normally IC lines are not often broken on the first attempt, even in a Bull. I could be wrong about this but watch these lines closely.
SC, I am looking for 2-3 down days on the EUR in the beginnig of the week and then we should be go again. That fits with that you think that GDX and GOLD might back off a little before moving on. Looking good it seems.