Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Monday, October 19, 2015
Oct 19, 2015 - gold consolidating gains?
Gold broke its downward sloping trend line with a 12 week move up and is digesting those gains. Expecting sideways to down move near term.
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