Analysis: Expect a Strong 2nd Daily-Cycle for Gold

• Gold’s first daily-cycle which completed its low on Thursday (Dec 19th) was inline with the center of the historical distribution for 1st daily-cycles with data going back to 2006.

• The implication for quick declines into 1st daily-cycle-low is that the subsequent advance is expected to be stronger than average based on the historical distribution.

• This an…