Short term cycles in gold are opposed as gold battles key resistance. This report looks at the indicator and price parameters that would suggest more upside to come, or a return to the downside.
Precious Metals stocks are at an important inflection point.
Gold broke through another resistance level this morning. This report covers what needs to happen for the rally to be sustained and likely targets if it is.
Gold pulled back sharply after hitting a key trendline. Does this signal the end of the rally?
Key cycles are turning in the precious metals stocks.
Signs suggest a precious metals rally that may be more than just another flash in the pan.
Gold broke out through resistance at 1165 and 1185 last week. 13 week and 4 month cycles are out of synch. These cycles and the 6 month cycle appear to have merged into a wave lasting 5 months. If this is the case, as I believe it is, then an up phase lasting at least…
Gold still has not crossed a key benchmark that would signal the likelihood of sustaining a rally.
6-7 week cycle indicators are signaling an up phase, joining the 4 week cycle, but most 13 week cycle indicators have not yet triggered as gold trades at an important trend resistance line. Here’s what needs to happen.
Gold has bounced hard, but it is only back to the breakdown line.