Cycle Trading

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Gold is being squeezed by the declining 50 day MA and the rising 10 day MA.

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A break above the 50 day MA shifts the likelihood of this daily cycle forming in a right translated manner. A close below the 10 day MA signals the daily cycle decline.

Gold is close to decision time which will likely determine if gold began a new intermediate cycle back on November 7th. The Miners may be giving us a clue.

The Miners printed a new high on day 14.

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The Miners also closed just above the declining 50 day MA, which is bullish signal. The new high on day 14 shifts the likelihood of this daily cycle forming as a right translated cycle. And a break above previous daily cycle high of 22.16 breaks the pattern of lower highs.