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Gold Headed Lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold Mars transit through Scorpio has ended and I'm expecting a nominal 18 week cycle low. We are in the 18th week. This cycle has a range of 15 to 21 weeks. Gold could turn down at any point here, probably this coming week, but the time period around the Mars retrograde of April 17th +- a few td's, would be the best timing for a deeper low. I'm ignoring shorter term cycles until this nominal 18 week cycle low is in. After Mars turns retrograde it will move back into Scorpio on May 27th. This

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