Gold printed its lowest point on day 25, following the day 20 peak. That would place gold in its timing band for a daily cycle low. But instead of continuing into a recognizable DCL, gold entered into a triangle consolidation. Triangles tend to obscure our daily cycle counts. Tuesday was either day 40 of an extended daily cycle or day 15 of a new daily cycle.
Either scenario appears bullish to me.
Scenario 1)
That day 25 was the daily cycle low, making Tuesday — day 15. Gold is already in an established daily uptrend. We would be waiting on a break of the declining trend line to signal of the continuation of gold’s uptrend.
Scenario 2
That Tuesday was day 40. At 40 days, gold would be late in its timing band for a DCL. So at this point, any decline into the final DCL should be brief and recovered quickly. A break of the lower trend line indicates scenario 2. Then we would be looking for a swing low to signal the new daily cycle.
Cycle Trading 
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