Short and medium term gold cycles

The cycle chart is busy but don't let it throw you. All we have done is add the MEDIUM TERM cycles into the usual cycle chart you see. The Green is the ideal week for a turn and the Yellow is the WINDOW for a standard deviation required for cycles. Nothing works EXACT. Otherwise, the Greeks would have conquered the grain markets long ago.

The short term blue cycle favors higher prices until April 7th (plus or minus 72 hours). That is a bit above a 70% confidence factor. I've HIGHLIGHTED a cycle FAILURE/INVERSION in November to show it can happen. It has not happened in 9 turns and we're at the end of the quarter and at a medium term point. IF GOLD IS VERY STRONG it should be able to hold 1215-1222 on a weekly basis. Since 1207 is the low any failure there and your looking at the potential of 1190-1200. The bottom line is that for the moment, we can trust the blue cycle with 70% odds. Remember, there are no absolutes. If gold does rally and gets above 1245, then the potential to move to 1272-1307 even to 1322. If we begin to fail here, and move below 1207, it would introduce the potential of a cycle failure/inversion where 1190-1200 reside at the channel line marked support. If price were to move inside the 2016 uptrend channel then it opens up 1122-1172.