Gold Signals New Daily Cycle

Gold printed its lowest point on day 36 to place it deep in its timing band for a DCL.

Gold formed a swing low and closed above the 10 day MA on Thursday. On Monday closed above the declining trend line to signal a new daily cycle. Gold is still contained by both the 50 day MA and the 200 day MA. Gold needs to close above both these MA’s in order for any rally to be sustained.

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