Surf’s Up
From yesterday morning when Gold was bouncing nicely at the open. Late in it’s longer Intermediate Cycle, when gold is still Bearish, its shorter-term Trading or Daily Cycles top early on or before days 10-12. We still have a top on Day 12 and yesterday was just a retest in my Cycle book (GLD made a slightly higher high but Gold did not). Of the market sectors I am watching, only Bitcoin & GBTC plus the USD have found confirmed ICLs. The USD looks weak but if the Stimulus talks fail it will be moving higher. Enjoy! 😉
https://surfcity.co/2020/10/21/surfs-up-353/
Thanks Surf…much food for thought
It is also D.20 for Gold which is often when we see a move lower into its next TCL/DCL and where that low forms will be important.