Gold formed a swing high on Monday. Gold also closed below the 10 day MA on Monday — but managed to find support at the 50 day MA. If gold loses support and closes below the 50 day MA, that would set gold up for a left translated daily cycle formation, forming a lower high. But for now — gold is in a daily uptrend. Gold will remain in its daily uptrend unless it closes below the lower daily cycle band.
Cycle Trading 
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