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Cycle Trading

Gold Establishing A Daily Uptrend

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Gold closed below the lower daily cycle band back in August to establish a daily downtrend.

1 gld downtrend

Once a cycle has entered a downtrend it will remain in its downtrend until it can close back above the upper daily cycle band, which gold did in January.

2 gld uptrend

Closing above the upper daily cycle band in early January ended golds daily downtrend. By continuously closing above the upper daily cycle band gold has now established a new daily uptrend.

3 bib picture

Looking back at last year, once gold has established a new daily uptrend it will continue in its daily uptrend until it closes below the lower daily cycle band.

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3 responses to “Gold Establishing A Daily Uptrend”

  1. Michael-K Avatar
    Michael-K

    Some clarification would be good. It appears to me that gold closed above the daily cycle band a couple of times in Sept. and then again in Nov. So each of these times the downtrend must have ended only to have it quickly started again within a couple of weeks. If this is the case, shouldn’t we be a little suspicious of the current situation? Just trying to make sense of it all. Michael K

    From: Cycle Trading To: michael3442@yahoo.com Sent: Wednesday, January 18, 2017 6:18 PM Subject: [New post] Gold Establishing A Daily Uptrend #yiv6445218506 a:hover {color:red;}#yiv6445218506 a {text-decoration:none;color:#0088cc;}#yiv6445218506 a.yiv6445218506primaryactionlink:link, #yiv6445218506 a.yiv6445218506primaryactionlink:visited {background-color:#2585B2;color:#fff;}#yiv6445218506 a.yiv6445218506primaryactionlink:hover, #yiv6445218506 a.yiv6445218506primaryactionlink:active {background-color:#11729E;color:#fff;}#yiv6445218506 WordPress.com | likesmoneystudies posted: “Gold closed below the lower daily cycle band back in August to establish a daily downtrend. Once a cycle has entered a downtrend it will remain in its downtrend until it can close back above the upper daily cycle band, which gold did in Janua” | |

    Reply
    1. kenny cheung Avatar
      kenny cheung

      It is just another fancier way to get a buy or sell signal, no better than saying if price closes above or below a certain moving averages. All systems like this will tend to whipsaw your account unless the trend is extremely strong to make any good profits.

      Reply
    2. likesmoneystudies Avatar
      likesmoneystudies

      Using Cycle Bands in combination with Cycles gives a better result.
      The difference between September and now is the timing & status of the yearly cycle.
      September was a bit early for a yearly cycle low and gold had not yet delivered a failed weekly cycle.
      Currently, December was in the timing band for a yearly cycle low. And there was cycle alignment of the daily, weekly, and yearly cycles.
      LM

      Reply

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