Cycle Trading: Gold Signals Intermediate Cycle Decline
|Gold has formed a weekly swing high.
This is is week 19 for the intermediate gold cycle, placing gold in the early part of its timing band for an intermediate cycle low. Gold has formed a weekly swing high that has broke below the weekly trend line to signal the intermediate cycle decline. The intermediate cycle decline should see gold close below the 10 week MA and turn it lower before the intermediate cycle low forms.
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