Gold Establishing A Daily Uptrend

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Gold closed below the lower daily cycle band back in August to establish a daily downtrend.

1 gld downtrend

Once a cycle has entered a downtrend it will remain in its downtrend until it can close back above the upper daily cycle band, which gold did in January.

2 gld uptrend

Closing above the upper daily cycle band in early January ended golds daily downtrend. By continuously closing above the upper daily cycle band gold has now established a new daily uptrend.

3 bib picture

Looking back at last year, once gold has established a new daily uptrend it will continue in its daily uptrend until it closes below the lower daily cycle band.

This party is just getting started …

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3 thoughts on “Gold Establishing A Daily Uptrend

  1. Some clarification would be good. It appears to me that gold closed above the daily cycle band a couple of times in Sept. and then again in Nov. So each of these times the downtrend must have ended only to have it quickly started again within a couple of weeks. If this is the case, shouldn’t we be a little suspicious of the current situation? Just trying to make sense of it all. Michael K

    From: Cycle Trading To: michael3442@yahoo.com Sent: Wednesday, January 18, 2017 6:18 PM Subject: [New post] Gold Establishing A Daily Uptrend #yiv6445218506 a:hover {color:red;}#yiv6445218506 a {text-decoration:none;color:#0088cc;}#yiv6445218506 a.yiv6445218506primaryactionlink:link, #yiv6445218506 a.yiv6445218506primaryactionlink:visited {background-color:#2585B2;color:#fff;}#yiv6445218506 a.yiv6445218506primaryactionlink:hover, #yiv6445218506 a.yiv6445218506primaryactionlink:active {background-color:#11729E;color:#fff;}#yiv6445218506 WordPress.com | likesmoneystudies posted: “Gold closed below the lower daily cycle band back in August to establish a daily downtrend. Once a cycle has entered a downtrend it will remain in its downtrend until it can close back above the upper daily cycle band, which gold did in Janua” | |

    • It is just another fancier way to get a buy or sell signal, no better than saying if price closes above or below a certain moving averages. All systems like this will tend to whipsaw your account unless the trend is extremely strong to make any good profits.

    • Using Cycle Bands in combination with Cycles gives a better result.
      The difference between September and now is the timing & status of the yearly cycle.
      September was a bit early for a yearly cycle low and gold had not yet delivered a failed weekly cycle.
      Currently, December was in the timing band for a yearly cycle low. And there was cycle alignment of the daily, weekly, and yearly cycles.
      LM

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