{"id":469444,"date":"2020-07-13T23:24:21","date_gmt":"2020-07-14T03:24:21","guid":{"rendered":"https:\/\/goldtadise.com\/?p=469444"},"modified":"2020-07-13T23:32:43","modified_gmt":"2020-07-14T03:32:43","slug":"gold-cycle-update-25","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=469444","title":{"rendered":"Gold Cycle Update"},"content":{"rendered":"

Gold has a longer-term Intermediate Cycle that, on average, makes a major Intermediate Cycle Low (ICL) every 22-28 weeks measured low to low (or around 6 months). Within its longer Intermediate Cycle, Gold has 3 to 4 shorter term Trading or Daily Cycles that last, on average, 23-29 trading days low to low.<\/p>\n

With that as background, I took profits on my leveraged NUGT position late last week as it was getting late, in terms of Time, in short term Trading Cycle #3 (TC3) for both Gold and GDX. You see, last Friday was Day 24 for both Gold and GDX, so yes, it is getting late. Attached is a link to my Weekend update along with a chart on GDX from today’s close that signals that GDX is now likely moving into TCL3. If correct, I have what should be strong support near, or just below, the 50ma where I am expecting TCL3 to form so we shall see. <\/p>\n

https:\/\/surfcity.co\/2020\/07\/12\/gold-the-usd-weekend-update-59\/<\/a><\/p>\n

Note that GDX formed both a swing high and closed below it’s 10ma and my TC3 uptrend line. The combination of these three events this late in a Trading Cycle is usually a very strong signal that a short term Trading Cycle has topped.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold has a longer-term Intermediate Cycle that, on average, makes a major Intermediate Cycle Low (ICL) every 22-28 weeks measured low to low (or around 6 months). Within its longer Intermediate Cycle, Gold has 3 to 4 shorter term Trading … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2671,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-469444","post","type-post","status-publish","format-standard","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/469444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2671"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=469444"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/469444\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=469444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=469444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=469444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}