Cycle Trading

Gold backtested the 10 day MA on Monday then formed a swing low on Tuesday. However, gold ran into resistance at the 2000 level. 

Notice that gold also ran into resistance at the 2000 level back in October. The critical difference this time is that gold is very early in its new daily cycle. That increases the odds that gold can sustain a breakout move above the 2000 level. Gold is currently in a daily uptrend.  A breakout above the resistance level will indicate a continuation of its daily uptrend and signal a cycle band buy signal.  A longer term analysis of gold is discussed in the Weekend Report. One word to sum up the analysis is Bullish.

This weekend I am going to offer a Black Friday Special.

The Likesmoney Black Friday Sale for New Subscribers

Black Friday Sale — get an extra month on the 3 month subscription – 4 months for $60 — click here.

Black Friday Sale — get an extra two months on the 6 month subscription – 8 months for $100 — click here.

Here is what is included in the Weekend Report Subscription

1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – and it includes the Likesmoney Combination Cycle Tracker & Trend Tracker.

2) The Mid-Week Update. Posted on Wednesdays is a review of the charts for the above mentioned asset classes.

3) The Weekend Updates, posted on Sundays, take a look of the daily & weekly charts of the Dax, Copper, Natgas & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary FAS Buy/Sell Indicator

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