Cycle Trading

Below is the weekly chart for gold.

Gold as been in a weekly consolidation which has been obscuring both our daily and weekly cycle counts. No trending move can be sustained until gold breaks out of this weekly consolidation. It appears that the ICL formed on week 23. A break above the declining weekly trend line will have us label week 23 as the ICL. Gold is currently in a weekly uptrend. A close above the weekly trend line will indicate a continuation of its weekly uptrend and signal a weekly cycle band buy signal.

A complete breakdown of gold’s daily, weekly, and yearly cycles can be found in the Weekend Report. 

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.

It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.  And it also includes the Likesmoney Cycle Tracker.

LM Combo Cycle Tracker & Trend Tracker as of 9/08/23

The first number is the time period for the current cycle high.

The second number gives the current cycle count.