The daily gold cycle peaked on Friday, day 20. A swing high formed on Monday as gold closed below the 10 day MA to begin its daily cycle decline. Gold continued lower this week. It managed to turn the 10 day MA lower and print its lowest point on Wednesday, day 23, placing gold in its timing band for a DCL. Then Boom!
Gold backtested to top of the consolidation zone and exploded higher, forming a swing low on Thursday. Gold rallied for 1.94% to close above both the 10 day MA and the upper daily cycle band confirming the new daily cycle. Forming a swing low above the lower daily cycle band is a cycle band buy signal which confirms the daily uptrend.
Cycle Trading 
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