Only in the short term and I think, based on the Time and Price action I am seeing, it is very likely we will see a Daily or Trading Cycle Low next week.

My first chart is an 8 year Gold chart that sure looks very bullish to me. After the next Daily or Trading Cycle low (next week?) we should be off to the races, IMO. My second chart, showing the 18+ year Gold Price Channel I am tracking along with Gold’s 4 Year Cycle Lows.

Sure looks bullish to me as that is potentially one huge Bull Flag that is breaking out. 😉