Potential Annual Cycle: Gold Market Cycle Analysis

| July 29, 2013

Both annual cycle price oscillators have experienced bullish crossovers in July, indicating that the latest annual cycle low (ACL) may have formed in June. A monthly close above 1,389 on Wednesday would generate a cycle low signal and indicate that the next annual cycle is likely in progress.

A brief, weak rally phase of less than 5 months in duration followed by a move well below the developing ACL at 1,179 would reconfirm the current bearish translation and favor additional weakness heading into 2014. Alternatively, an extended rally phase of more than 6 months in duration that approaches the last annual cycle high (ACH) near 1,775 would suggest that cycle translation is in question.

Category: Gold, Signals

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