Gold continues to rise weakly from support. Its cycle patterns are now a mishmash of low amplitude indecision. Here’s why there’s still risk.
Cycles from 4 weeks to 17 weeks now appear to be in sideways up phases with limited upside potential through early November. The 9-12 month cycle now appears to be in a bottoming phase. Downside risk now looks limited, with a bottom due by Christmas.
The 13 week cycle appears to have begun a down phase early, heightening the risk that gold could break support.
The 13 week cycle has turned down. Some projections have been hit but others point lower. Here’s what to look for before expecting a significant rally.
Gold’s 13 week cycle is coming into a window where it should be topping out. It hasn’t even confirmed that it has been in an up phase. This is not good news. Here’s what needs to happen for gold bulls.
The 13 week cycle appears to have bottomed but it is limping along through the early stage of the up phase.
Gold is still probing for a 13 week cycle low. The cycle projection has dropped and so has the projection for the 9-12 month cycle. Here are the details on what to look for.
Gold continues to oscillate in a narrow range in what could be a consolidation or could be a top. Here’s what I’m looking for.
Gold has rebounded from support, signaling up phases in short term cycles and probable bottom formation in the 13 week cycle. Here’s what to look for.
Long term indicators now give abundant reason for caution on the timing of the potential resumption of the uptrend. Here’s what to look for, and look out for.