Gold Trading Cycle Update
Commodities / Gold and Silver 2017 Jun 10, 2017 - 05:18 AM GMTBy: SurfCity
I have Gold on day 21 seeking out its next TC Low. My normal timing band, low to low is 23-29 days so I will be looking for the next low between mid-June to perhaps June 20-22.
My Blue Boxes on the Gold and GDX charts show you Time and Price possibilities. On Gold, the box should project at least a 38% retrace as a minimum but more likely a 50% retrace or lower.
The bottom line, however, is that we should expect a higher low than early May based on the Time that Gold and the Miners have spent moving higher in this current shorter term Trading Cycle. A great buying opportunity is dead ahead, so stay tuned.
By Surf City
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