I have Gold on day 21 and Price broke below my Trading Cycle (TC) uptrend today in the early part of my timing band for a TC Low. Normally, however, a Cycle Low is the lowest price print in a cycle and right now, day 10 had a lower print at 1309.

My colleague, Norvast has identified Oct 10th as a potential important Low for Gold using his Fibonacci & Lucas time series triangulation so perhaps we bounce a bit before finding the next TC Low.

The real question is if the next TC Low will also be the longer Intermediate Cycle Low as well. From a Time perspective, it would be early at 4+ months but possible.

Watch my Red IC downtrend line. If we are still in an IC downtrend, Price may test but should not break this line before moving lower.