Surf did yesterday (see trade alert below) and exited his long positions with a small profit. The price action out of the early May low never had the bullish impulsive upside structure he was looking for but he plans to be ready again at the next low.

Today’s “Surfs Up” post shows the time & price levels where I will be looking for the next low which should be Gold’s longer Intermediate Cycle Low (ICL). Remember that ICL drops are scary and run stops (I bet there were lots of them near the 1300 level). This is needed to turn investor sentiment bearish and will fuel the move out of Gold’s next ICL where I will be a buyer again.

Added: Gold chart showing how late in Gold’s longer Intermediate Cycle, price almost always tops on or before day 10 in Gold’s shorter Trading or Daily Cycle. Note where gold topped on day 8 right at my red cycle down trend.

https://surfcity.co/2018/05/14/trade-alerts-3/