It appears that despite today’s pullback, the gold market has already seen its low.
Gold Market Has Already Seen Its Low
Graddhy out of Sweden: With USD´s move yesterday I will disregard that we did not get full ICL (Intermediate Cycle Low) and DCL (Daily Cycle Low) confirmation. I think we have ICL (Intermediate Cycle Low) and DCL (Daily Cycle Low) in place. And, it moved below previous DCL (Daily Cycle Low) yesterday, giving us a failed DC (Daily Cycle), indicating that IC (Intermediate Cycle) decline has started. Means 24th for gold probably is ICL (Intermediate Cycle Low).
Bottom Line
King World News note: What Graddhy noted there is extremely complicated. The bottom line for KWN readers around the world is that he is now stating that the gold market has very likely already seen its low…
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If this is correct, this is what KWN has been saying for some time about the price of gold consolidating very close to the key $1,900-$1,920 support zone, which essentially represents the breakout above the previous all-time high of $1,923 set in 2011. The longer gold consolidates near this level the bigger the base will be that will ignite the next leg higher in the secular bull market in gold.
The KWN audio interview has now been released!
***To listen to what has changed that is very bullish for gold and silver CLICK HERE OR ON THE IMAGE BELOW.
Look At What Is Happening With Real Estate
***ALSO JUST RELEASED: Dollar Rallying And Gold & Silver Tumbling, But Look At What Is Happening With Real Estate CLICK HERE.
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