Gold printed its lowest point on week 28, placing it late in its timing band for an intermediate cycle low.

Gold

 Gold did form a weekly swing low last week to signal a new intermediate cycle. But so far this week, gold has not been able to deliver any sustained bullish follow through.  Gold will need to close above the 10 week MA and the above the declining weekly trend line to confirm the new intermediate cycle.  Gold is in a weekly uptrend.  Forming a weekly swing low above the lower weekly cycle band indicates that gold will remain in its weekly uptrend and trigger a weekly cycle band buy signal.

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