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Short Term Gold Highs?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold Gold put in a nominal 18 week cycle 1 trough on Dec 3rd. 2015 which has marked an important low. This puts us entering the 12th week of the Primary cycle and entering the 6th week of the 2nd nominal 6 week cycle during this coming week. The nominal 6 week cycle has a range of 5 to 7 weeks. We may be near the peak of this cycle. As we've mentioned before Mars in Scorpio often results in big moves in Gold both up and down. Mars entered Scorpio on Jan 3, 2016 and will leave Scorpio

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