Confirmed Intermediate-term Signal: Gold Market Cycle Analysis

| March 16, 2013

A cycle low signal was generated this week, indicating that the latest intermediate-term cycle low (ITCL) likely formed last week. Only a quick move below the stop level at 1,576 next week would invalidate the signal and suggest that the cycle from November is still in progress.

The move well below the last half cycle low (HCL) reconfirms the current bearish translation and favors additional intermediate-term weakness during the next cycle.

Category: Gold, Signals

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