New Trading Cycle for Gold (GLD) and PM Complex
I am using the GLD chart today to show the start of Trading Cycle #2.
In any case, Gold is on Day 4 while GLD shows day 2 (day 4 is the correct count).
TC2 is often the most bullish of the Trading Cycles within the longer Intermediate Cycle so make sure you establish your positions and enjoy the ride. 😉
Here is also an update on the USD:
Previous post from 7/25:
Thanks for the charts, Surf. I think that gold price you mentioned is the price at the 1:30 pm close.
Thanks Surf…Got my tickets
any levels on gold and gld(timeframe?)
DCH (Daily Cycle High) 19 Aug