Loading ...Gold and Miner Cycles
I have “Swing Lows” on both the Gold and Miner charts which is the first signal I look for when trying to spot a cycle low. Both are deep in their timing band to find a TC Low (I also have a “Swing High” in the USD).
https://goldtadise.com/?p=380140
this is what a panic cycle looks like…maybe we get the impulse move tomorrow in gold…
GLD has a bullish inverted hammer now with confirmation. Needs some follow through.
GDX has a nice morning star reversal pattern in place. Would like to see some follow through.
I still think we make a lower high then one more shakeout as time is not up yet for this correction.
IF this was the low…then that is UBER bullish.
DadDoc, This is just a short term Trading Cycle Low here. The longer 5-6 month Intermediate Cycle will very likely not bottom until the late Sept to mid-to-late Oct timeframe.
My expectations are that this TC will make a lower high and roll over into a lower IC Low in that timeframe. GDX 19-22 is my target for the Miners and perhaps 1260-1270 in Gold for the IC Low.