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Monthly gold cycle coming due at end of week

IMG Auteur
Bill Downey
Gold Trends
Published : October 30th, 2017
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Category : Market Analysis

Cycles

Gold is getting its pullback into the next Blue cycle low due Nov 4th (plus or minus 72 hours). That means a low later this week or early next week. With the FOMC meeting on Tuesday/Wednesday and the NFP report being out Friday, odds favor the lows will occur the 2nd half of this week or early next week. Either way, a blue cycle low favors bullish for gold in November.


Summary

Odds favor the downtrend remains in play going into Nov 4th (+/- 72 hours). Thus the gold window opens on Tuesday. Don’t forget the NFP report on Friday and the FED FOMC on Tuesday & Wednesday.
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
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Bill Downey is the editor of www.GoldTrends.net where he monitors the price patterns on an hourly, daily, weekly and monthly basis. He offers commentary on what it all means along with support and resistance levels along the way in advance of each day's trade. If you would like to join for 30 days he offers a free trial. Visit his website home page for details.
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