Friday, February 26, 2010


If gold is now stuck in a D-wave decline all daily cycles should be left translated. By that I mean if a cycle averages 20-25 days trough to trough any cycle that tops in 10-12 days or less would be a left translated cycle.

Gold is now sitting on the fense. At the moment the cycle appears to be left translated with the top occuring on day 10.

It that top holds we should expect gold to drop below $1044 at the next cycle low.

If however gold can move above $1131 in the next few days we will have a right translated cycle in play. That should not happen in a D-wave decline. The play then would be to get aggressively long at the bottom of the next daily cycle low.