Here is my Gold Intermediate Cycle analysis from last weekend, and it would appear that the IC Low is behind us.

But to actually confirm a new Intermediate Cycle, Price needs break above my red Intermediate Cycle down trend lines for both Gold and the Miners (GDX). Friday’s move was very bullish but normally IC lines are not often broken on the first attempt, even in a Bull. I could be wrong about this but watch these lines closely.

Screenshot 2016-06-05 12.15.01


New Intermediate Cycle for Gold? — No Comments

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