Cycle Trading

Gold formed weekly swing high.  Gold had become stretched above the 10 week moving average last week.  Gold is currently in the process of declining into a daily cycle low, which has allowed the 10 week moving average time to catch up to price.  But a close below the 10 week moving average will signal the intermediate cycle decline.  Gold is currently in the weekly uptrend.   Gold will remain in its weekly uptrend unless it closes below the lower weekly cycle band