Gold Bottom

Gold formed a weekly bullish reversal.

Gold printed a daily swing low on Friday to quite likely mark the daily cycle low. This is weekly 31 for the intermediate gold cycle. That places gold very deep in its timing band for an intermediate cycle low. A weekly swing low will signal the new intermediate cycle. The weekly bullish reversal eases the parameters for forming a weekly swing low. I also believe that gold is forming its yearly cycle low.

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