Loading ...Gold Cycle
Time is now becoming an issue now with Gold’s most recent Trading or Daily Cycle.
Regardless of weakness in the USD, Gold was rejected near the top of its Bear Flag from yesterdays move.
So far it appears to be heading down to test the lower boundary of my flag.
Much still depends on which way price breaks out of the Bear Flag but the Price movement inside the Flag is not bullish especially with respect to the Time of this Daily Cycle.
I have Gold on day 13 now and it is running out of Time, IMO and needs to get a move on or we will likely see another failed Daily Cycle into a final YCL.
Added: GDX chart ~ still in Bear Flag limbo for now…
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