Setting Up a Dead Cat Bounce

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The conditions appear to be in alignment for gold to produce a dead cat bounce.

gld

Timing Band:
* The previous 12 daily cycles have averaged 27 days.
* At days 36, gold deep in its timing band to print a daily cycle low.

Support:
* Gold printed a reversal candle above support from both the 50 day & the 200 day MA

Intermediate Cycle:
* The intermediate cycle count stands at 20 weeks, which would allow for one more daily to bring gold deep into its intermediate cycle.

Therefore our cyclical expectation is to see the new daily cycle form as a left translated, failed daily cycle to usher in the intermediate cycle decline.

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