Gold is being squeezed by the declining 50 day MA and the rising 10 day MA.
Reasons for a bearish expectation.
* Gold in the early part of its timing band for a daily cycle low.
* Gold is currently in a daily downtrend.
* Gold formed a bearish reversal on day 21.
* Bearish TSI divergence.
A close below the 10 day MA would signal the daily cycle decline.
But what it gold delivers a bullish surprise?
If gold closes above the 50 day MA then we should probably just convert to the weekly chart. Gold had a similar set up back in May. Gold coiled for about 5 weeks before closing above the 10 week MA. But once it did, it went on a trending move.
Cycle Trading 
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