Cycle Trading: Gold Delivers A Bullish Move

LikesMoney Independent Analyst

Gold delivered a bullish move on Tuesday.

Gold had been unable to close above the 1430 level as it has been working through the triangle consolidation. However on Tuesday gold not only closed above the 1430, but it also closed above the declining trend line. Barring a reversal back into the triangle like we saw on day 13, closing above the declining trend line will have us label day 17 as the daily cycle low.

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LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

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