Cycle Trading

Gold broke bullishly out of consolidation on Thursday.

Gold printed its lowest point on day 28, placing it in its timing band for a DCL. Gold is currently in a daily uptrend. Breaking bullishly out of consolidation indicates a continuation of its daily uptrend and signals a cycle band buy signal — so we will label day 28 as the DCL. 

And it’s not just gold. Palladium has also broke out of consolidation. And it looks like silver, platinum and copper will soon follow.