The 11/19/14 Update

Just a quick update tonight

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The daily cycle count is unclear. My best guess is that day 22 is the daily cycle peak. It remains to be seen if day 23 is the daily cycle low.

goldhttp://postimg.org/image/884ceruxp/

As we discussed last night that the dollar is overdue to begin an intermediate cycle decline. That should help gold. Currently we see gold stalling at the declining 50 day MA. Gold may be allowing the 10 day MA to catch up before breaking through the declining 50 day MA.

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One thought on “The 11/19/14 Update

  1. Pingback: Déjà vu, again … | Cycle Trading

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