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Gold Trading Cycle Update

Commodities / Gold and Silver 2017 Jun 10, 2017 - 05:18 AM GMT

By: SurfCity

Commodities

I have Gold on day 21 seeking out its next TC Low. My normal timing band, low to low is 23-29 days so I will be looking for the next low between mid-June to perhaps June 20-22.

My Blue Boxes on the Gold and GDX charts show you Time and Price possibilities. On Gold, the box should project at least a 38% retrace as a minimum but more likely a 50% retrace or lower.


The bottom line, however, is that we should expect a higher low than early May based on the Time that Gold and the Miners have spent moving higher in this current shorter term Trading Cycle. A great buying opportunity is dead ahead, so stay tuned.

By Surf City

https://surfcity.co/

Everything about Cycle Investing

© 2017 Surf City - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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