This video provides a comprehensive discussion of why gold is in a new bull market. The price action of a bull market is discussed. The intricacies of cycle analysis is provided.
The stock markets are setting up for either a choppy consolidation or corrective phase before the euphoria phase begins. The winning strategy I have found uses a combination of cycles, sentiment and some technical indicators.
We are getting deep into gold’s daily cycle decline. The French election this weekend could provide the turning point or possibly the employment report tomorrow.
This video discusses the daily and intermediate cycles in gold. Price is now expected to at least tag the lower intermediate cycle trend line around 1240. Following a brief bounce price will likely retest the lower triangle trend line at around 1140.