Cycle Trading

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It looks like we are getting to a point with gold where push comes to shove.

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We are still waiting to see if gold is through with its intermediate cycle decline. A right translated daily cycle would signal a new intermediate cycle. Right translated cycles typically rally past day 12. So far, gold has peaked on day 7. Since then it has drifted sideways. Today gold was halted by the declining 50 day MA. Regaining the 50 day MA would be a bullish signal shifting the likelihood of this daily cycle forming in a right translated manner. If gold is rejected by the 50 day MA here, then we will likely see gold go on to print a failed daily cycle.

The dollar is also approaching a point where push comes to shove.

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The intermediate dollar cycle peaked in early October. It has drifted lower since then. The dollar has done a masterful job obscuring its daily cycle count. A break above the declining trend line here would signal that Wednesday was the daily cycle low. A break lower here would see the dollar continue into its intermediate cycle low.