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Short term cycles suggest a pullback for gold into Sept 20th (+/- 72 hours)

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Bill Downey
Gold Trends
Published : September 11th, 2017
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FOLLOW : Cycle Georgia Gold
Disclaimer
Category : Market Analysis

Cycles

Our last update on the website discussed:

Odds favor a pullback or sideways action towards the next coming blue cycle on Sept 6th (plus or minus 72 hours). But a close above 1298 will favor higher into Sept 6th.

We got our close above 1298 on August 28th and indeed gold moved higher into Sept 6th.

Odds favor that a pullback into Sept 20th (plus/Minus 72 hours) is underway. From there gold should begin another short term rally into early October. However, with a Blue Cycle high we should be cautious that a more prolonged correction in gold could take place.
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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