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Gold: Time For Short-Term Bounce, But Correction Not Over Yet

Published 05/26/2016, 12:14 AM
Updated 07/09/2023, 06:31 AM

It’s time for a short term bounce in gold, but don’t be fooled, the intermediate degree correction isn’t done yet. Gold has to generate at least one failed and left translated daily cycle before the intermediate cycle low is complete.

Latest comments

not happen, last two day for hoping. We will see friday night. If you dont sure, please dont send this kind of posts.
not done? oh sht
Gary, thanks for your previous "time to hedge" article. I was already on hair trigger but you pulled it for me & saved my bacon. The load puked the next day. . . I'm exiting a list of approx. 80% of my metals stocks today/tomorrow (since I bought in late apr.) & putting on a Sept. Put-load. TheDailyGold says the mo. charts look awful, so that this shakeout could be 4 mos. or more. I'll start over when certain indices and my picks hit key points.
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