Archive for April 3rd, 2012

The Gold Currency Index Negatively Diverges from Gold

| April 3, 2012

Gold closed sharply lower today, returning to recent short-term lows of the downtrend from late February. A close well below $1,644 would reconfirm the downtrend and forecast a relatively quick move down to strong congestion support in the $1,600 area. Technical indicators are now moderately bearish overall on the daily chart, favoring a continuation of […]

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Short-term Forecast for April 3, 2012

| April 3, 2012

The Gold Currency Index Negatively Diverges from Gold Gold closed sharply lower today, returning to recent short-term lows of the downtrend from late February. A close well below $1,644 would reconfirm the downtrend and forecast a relatively quick move down to strong congestion support in the $1,600 area. Technical indicators are now moderately bearish overall […]

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Confirmed Short-term Signal: US Dollar Index Cycle Analysis

| April 3, 2012

A cycle low signal was generated today, indicating that the latest short-term cycle low (STCL) likely occurred yesterday. Only a quick move below the stop level at 78.80 tomorrow would suggest that the beta phase decline of the previous cycle is still in progress. A weak alpha phase rally followed by a quick return to […]

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Confirmed Short-term Signal: Gold Market Cycle Analysis

| April 3, 2012

A cycle high signal was generated today, indicating that the beta high (BH) of the current short-term cycle likely formed yesterday. A move below the last short-term cycle low (STCL) during the beta phase decline would reconfirm left translation and favor additional short-term weakness. Alternatively, a quick rebound and move well above the last alpha […]

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Potential Short-term Signal: 10-year Treasury Note Yield Cycle Analysis

| April 3, 2012

The sharp move higher today has caused both cycle analysis price oscillators to experience bullish crossovers and a bullish engulf pattern has formed on the daily chart, generating a potential cycle low signal. A strong close near current levels today would generate a confirmed signal, indicating that the alpha low (AL) of the current short-term […]

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