Gold Cycle Revisited

Last month, I noted how the gold cycles have been a little trickier to navigate as we have experienced a series of quite abnormal left-translated daily cycles where the gold price pops higher at the start of a cycle and then trades lower for the next 10-15 days making it difficult to read. Since the last investor cycle kicked off in August, gold traded sideways for a few months before rallying in October. So far, the pattern is quite similar to the bottom that formed in late 2015. However, it is time for gold to get a move on now as the current investor cycle is starting to age. Gold broke through its 20-week moving average in October and is now coming back to test this support line from above. The clock is ticking for the current cycle.

 
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At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader  investment strategies, please get in touch at brian@secureinvestments.ie or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.

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