Gold has bounced from the cluster of trendlines around 1185. 4 week and 13 week cycle projections still point lower, with time counts indicating plenty of time to get there. 9-12 month cycle momentum has edged to the sell side and the 9-12 month cycle oscillator is on the cusp. 15 month cycle indicators are also on the cusp of sell signals. These could be triggered by further weakness. Older comments below chart. This report pictures the key levels and indicators and discusses what to expect in greater detail.
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