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March 26, 2014

Now That Everyone is Bearish on Gold...

...It's Time for a Daily Cycle Bounce

A couple weeks ago, we used gold's major pivot at $1350 to label 28-Feb as a daily cycle low under the premise that price should not be able to push through such an important level late in a cycle count. The session in which gold conquered $1350 would have been Day 28 of a cycle barring the 28-Feb labeling. Now with a Day 18 count, gold's current daily cycle is approaching ...

 

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