Gold Price and Gaps

irst, let me say that a new high by Gold in week 16 of this current Intermediate Cycle is an extremely positive development as we now have a setup that should ensure that Gold has a Right Translated cycle that makes a higher Intermediate Low than the December 2016 YCL. Should this play out to Cycle norms, the next Intermediate Low will be an excellent buying opportunity regardless if you are adding to positions or restocking the shelf. My current expectation is that the next IC Low will be in the May/June timeframe with May being a strong possibility.

First published here: Gold Price and Gaps