Gold Forecast: Reversal Breaks Confirm Key Trend Change | Metals Mine

  • Gold Forecast: Reversal Breaks Confirm Key Trend Change

    From gold-eagle.com

    With the action seen over the past week or so, the downward phase of the 34-day cycle was confirmed to be back in force - with the same now seen as true for the bigger 72-day component. With that, the next decent swing low should come from the combination of these waves, ideally set to play out into early-to-mid April. For the very near-term, the downward phase of our smallest-tracked cycle - the 10-day wave - is also viewed as in force, and with that is into normal bottoming range. Here is that nominal 10-day component in Gold: chart In terms of time, the current correction phase of this 10-day wave is now some 13 ... (full story)

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