Loading ...Gold Cycle update
I have Gold on day 22 and in the early part of its timing band to find a short term Trading Cycle Low. Yesterday I posted that Gold had broken my Trading Cycle uptrend but that I did not think this would be the low… Looks like I was correct on that front (some trend lines, such as Cycle trend lines, are more important than others).
https://goldtadise.com/?p=382876
The larger question is will this TC Low also be the longer Intermediate Cycle Low as well. Here is my chart with a price channel and possible Fib retrace levels into the next TC Low (note the Fork is not “technically” correct, but I consider it a valid price channel).
Some previous PM Complex posts: