Gold formed a swing low on Friday.
Gold printed its lowest point on Thursday, day 44, placing it late in its timing band for a DCL. Gold formed a swing low on Friday. A close above triple convergence of the 200 day MA, the 50 day MA, and 10 day MA will have us label day 44 as the DCL. Gold is currently in a daily downtrend. Gold will remain in its daily downtrend unless it closes above the upper daily cycle band.
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