The 12/01/15 Morning Report

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Gold formed a swing low this morning.

1 gld

Gold is very deep in its timing band to print a daily cycle low.

2 gld

A break of the declining daily trend line is needed to confirm the new daily cycle. But with the declining trend line so far away we can default to using our cycle band tool. A close above the lower daily cycle band signals a new daily cycle.

So the swing low formed this morning has good odds of marking a new daily cycle.

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