Loading ...GOLD
The cycles set for GOLD-daily on this 12 month charts gives a fit. If so, then cycle forecast an intermediate high based on the Small Blue charted cycle which comes around 28th of July – in 10 days’ time; see Vertical dashed Blue line.
Still Gold can be in BT-mode either on a BEAR FLAG or on the NECK of the H&S from below. Today marked a test on the Blue upsloping line while Gold could test 2,000-ish as well. As long a Gold is within the RED UPTREND CHANNEL, all is well . . . but once the lower RED upsloping line breaks-down, then the RED CHANNEL becomes a BEAR FLAG. Thumb of rule for FLAGS is return to the beginning of the FLAG; either 1,820 or 1,620.
Price feed-in excluding today.
IMO.DYODD.
Always good to get various perspectives. Thx for posting.
I actually expect this to unfold, high July 28 and down into August 25 , all dates approximately.
Yes. Down date dates approx. The cycle-lows gives 08/17 while a RED vertical FIB lines gives us 08/31. Could be some sort of DB; for example look at former LARGE GREEN CYCLE LOWS (either big or small green charted cycle). GL.