Cycle Trading

Summary

• Gold broke bullishly out of consolidation and continued higher into Friday.
• Day 18 high locks in a right-translated daily cycle formation.
• February closed at a new all-time monthly high.
• Gold remains in daily, weekly, and monthly uptrends.

Gold had been consolidating below the 5120 level — until earlier this week. Gold broke bullishly out of consolidation and continued to press higher into Friday. The new high on day 18 locks in a right-translated daily cycle formation, confirming that buyers maintained control throughout the cycle. Right-translated cycles are characteristic of strength and typically occur in established uptrends.

On the weekly timeframe, gold also broke bullishly out of consolidation and remains firmly in a weekly uptrend. The breakout signals continuation and confirms a weekly cycle band buy signal.

Most importantly, February closed at a new all-time monthly high. That is significant. While month 14 places gold in its broader timing band for a yearly cycle low, price action continues to argue otherwise. Instead of forming a monthly swing high, gold printed a bullish monthly reversal and expanded to new highs — reinforcing the longer-term uptrend.

Gold will remain in:

• A daily uptrend unless it closes below the lower daily cycle band.
• A weekly uptrend unless it closes below the lower weekly cycle band.
• A monthly uptrend unless it closes below the lower monthly cycle band.
• Multi-timeframe alignment remains firmly bullish.

Takeaway

Gold’s breakout to a new all-time monthly high close strengthens the multi-timeframe uptrend and reinforces the Dollar-soft narrative. Until lower cycle bands are violated, the path of least resistance remains higher.