Lee AdlerCycle and momentum indicators are in bullish configurations. The problem is that in bear markets such patterns typically fail. That requires patience and proof before action. Price patterns need to resolve upwards from bases, which in this case would be a daily close above xxxx. Conversely, a breakdown would target support around xxxx. Weeks of sideways churning are more likely to be a consolidation leading to a xxxxxxxxx.
reason for caution, given the weakness in longer term indicators.
Gold appears to be setting up for a xxxxxxxx xxxxx xxxxxxx low, ideally due xxxx. The projection is only slightly below current levels, within the normal range of error. However, a break of the recent low around 3950 would trigger stops and could generate a washout to projected wave support that reaches xxxx in x weeks. Resistance is around xxxx.
Gold appears to be setting up for a xxxxxxxx xxxxx xxxxxxx low, ideally due xxxx. The projection is only slightly below current levels, within the normal range of error. However, a break of the recent low around 3950 would trigger stops and could generate a washout to projected wave support that reaches xxxx in x weeks. Resistance is around xxxx.
The shape of the bear market is becoming clearer. A reaction rally to test resistance around xxxx is under way. A 9-12 month cycle low…
Gold continues to hover at its 200 day MA. A break of 4400 should lead to a test, but then it gets potenitally really ugly. …
Cycles remain in gear to the downside, with a new 13-week cycle projection pointing to xxxx, with a low due from late June to late July.
Cycles are in gear to the downside, except for the 4 week cycle, which has extended beyond its ideal bottom window. The 6-7 week cycle projection of xxxx is an outlier for now, but if projected channel support around xxxx breaks, this could turn into a steep, fast decline to much lower levels. The next support area is around xxxx.
Cycles are in gear to the downside, except for the 4 week cycle, which has extended beyond its ideal bottom window. The 6-7 week cycle projection of xxxx is an outlier for now, but if projected channel support around xxxx breaks, this could turn into a steep, fast decline to much lower levels. The next support area is around xxxx.
Cycles are in gear to the downside, except for the 4 week cycle, which has extended beyond its ideal bottom window. The 6-7 week cycle projection of xxxx is an outlier for now, but if projected channel support around xxxx breaks, this could turn into a steep, fast decline to much lower levels. The next support area is around xxxx.
Cycles are in gear to the downside, except for the 4 week cycle, which has extended beyond its ideal bottom window. The 6-7 week cycle projection of xxxx is an outlier for now, but if projected channel support around xxxx breaks, this could turn into a steep, fast decline to much lower levels. The next support area is around xxxx.
Cycles are in gear to the downside, except for the 4 week cycle, which has extended beyond its ideal bottom window. The 6-7 week cycle projection of xxxx is an outlier for now, but if projected channel support around xxxx breaks, this could turn into a steep, fast decline to much lower levels. The next support area is around xxxx.