Gold – Is it Time to BUY?

commodity gold time cycles Apr 26, 2022

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Time Cycles is a very important Technical Analysis study as it helps us to capture the important lows and ride the trend later.

Look at the below charts with the application of Time Cycles on Daily Time Frames applied on Gold Mini.

Let us see more in detail

Gold Mini Daily Chart- 51 Days Time Cycle

On the daily chart of Gold Mini, the vertical lines represent the 51 Day time cycle which we have identified on this time frame. Notice how after every 51 days near the vertical line an important low is formed with a slight variation of one of two bars.

As prices start to move lower close to the time cycle day we can use the bar technique to enter at the right levels I.e The first candle after the time cycle low formation which closes above the high of the prior day can be used as buy signal.

A stop-loss can be placed below the swing low formation and one can ride the trend on the upside as long as the price does not close below the prior day low.

The gold cycle is due in next one or two days, so let us see if we can get any reversals in the gold.

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