Gold has been consolidating below the 3380 level for over the past 3 plus months — until this week. Gold is in the process of breaking out of consolidation. Gold is currently in a weekly uptrend. A successful break out of consolidation will indicate a continuation of its weekly uptrend and signal a weekly cycle band buy signal — which would have us label week 26 as the ICL — making this week 3 of the new intermediate cycle.
Cycle Trading 
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