The bad news is that HUI has exhibited a nominal 6 month cycle and the sand is draining from the hour glass.
Gold remains tightly rangebound. There were some hopeful signs in the precious metals stocks.
The test of support held as gold bounced from the 1185 area, but remains rangebound. Indicators are on the cusp of confirming a big swing low.
Gold’s 13 week cycle appears to be topping out but bigger cycles are due for bottoms. Which side will win out?
A $54 trading range probably holds the key to whether gold has turned a major corner. Here are the particulars.
Gold is threatening to break a minor support level that could lead to more declines. Here’s what could happen, and the levels that need to hold to stop it from happening.
13 week and 4 month cycle projections still point a little higher, but gold must first get through two lines of resistance. This report covers the likelihood of that happening given current indicator patterns.
The status of the short term uptrend now depends on clearing trend resistance, The first attempt, yesterday and today, met with pushback. This report shows where the lines are that must be cleared to break the longer term downtrend.
The prices of gold and the precious metals stocks staged a furious rally but did not break out of their trading ranges. Key benchmarks still need to be cleared to signal a sustained rally. This report looks at the probability that will happen as gold and gold stocks attack major resistance levels.
Gold has zoomed to the top of its recent trading range this morning putting 15 month cycle momentum on the verge of a buy signal. This report tells where the critical levels are and what needs to happen.