Cycle Trading

Gold rallied for 1.72% on Thursday to close above the 50 day MA.

Notice how RSI 05 is embedding in overbought.  That signals that gold has begun the advancing phase of a new intermediate cycle.  That aligns with gold being in a daily uptrend. Forming a swing low and above the upper daily cycle band indicates a continuation of the daily uptrend. and signals a cycle band buy signal.