Cycle Trading

Precious metals are in the process of confirming the new intermediate cycle.

The Miners formed a bullish reversal off of support of the 50 week MA on week 36. They formed weekly swing low then retested the 50 week MA. A close above the 10 week MA will signal a new intermediate cycle.

Gold also formed a bullish reversal off of support from the 50 week MA. Gold formed a weekly swing low and closed above the 10 week MA to signal the new intermediate cycle. A break above the declining weekly trend line is needed for confirmation.

The Silver Miners have also formed a weekly swing low and closed above the 10 week MA to signal a new intermediate cycle. And this week they are leading the way by breaking out above the declining weekly trend line. The Silver Miners are already in a weekly uptrend. A close back above the upper weekly cycle band will signal a continuation of the weekly uptrend and trigger a weekly cycle band buy signal.