Loading ...Gold Cycle Update
Based on the Price action I am seeing in Gold & PMs with respect to Time, I have Gold and the PM complex moving into a longer-term 5-6 month Intermediate Cycle Low (ICL). I am expecting the ICL to form in late September to early October where I am looking for another outstanding buying opportunity.
I exited my last long positions last Wednesday, August 19th. Here is a post that I made last Thursday on August 20th for my subscribers.
https://surfcity.co/2020/08/20/volume-before-price-2/
Thanks Surf.
I hope to see a Bottom long before October
Hope Springs
I am expecting more choppy sideways consolidation before the final drop into the next ICL.
Silver holding up nicely, huge pennant pattern unfolding with a bottom around 24.70’s. I would be happy to see a higher consolidation pattern instead of a big ol puke job
An ICL across the PM complex will likely see Silver test its 50ma which is currently $22.14