Gold’s rally has been so bullish it has obscured our daily cycle count. It looks more & more like day 21 hosted a stealth daily cycle low. That would make today day 16. A break of the blue dashed trend line will confirm the daily cycle decline.
While the daily cycle count is obscurred, what cycle bands tell us is very clear. Gold continues to close above the upper daily cycle band. This indicates that gold is in a daily uptrend. Gold will remain in a daily uptrend until it closes below the lower daily cycle band.