GOLD Primary Cycles
Gold has finally completed the break & extend pattern in the Primary cycles from the 2013 breakout down into the 2015 lows.
This is a MAJOR Buy zone in the Primary Cycle, however in the smaller cycles there are currently minor break and extend patterns playing out at the same time that can see more downside.
Short-term:- we would need to see Gold close back above 1106 on a Friday, and then use the same level the following week as support.
Any further weakness in GOLD as it follow the short-term cycles could see GOLD push as low as 975.40.
Next Update will be at the end of this month