Last week, we discussed how gold needed to close above the 10 day MA to confirm a new daily cycle. And that gold came close on Tuesday, but not cigar.
Gold delivered on Friday.
Gold printed a huge, bullish engulfing candle on Friday.
Friday’s candle closed convincingly above the 10 day MA and the declining trend line to confirm the new daily cycle …
… which allows stops to be raised.
A complete analysis of gold’s daily, weekly and yearly cycles can be found in the Weekend Report.
The Weekend Report also discusses Dollar, Stocks, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles and includes the Likesmoney CycleTracker
The entire Weekend Report can be found at Likesmoney Subscription Services
Cycle Trading 
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