A daily cycle usually lasts for 20-28 days. Tomorrow is day 15.
Tomorrow we will reach the 300 at 1152. Gold should top there and start to move into its daily cycle low in the following 5-10 days.
The 2 options are:
1. if the move down to the daily cycle low is slow with small candles we just test back the intermediate at 1120 (3-6 days).
2. If the move down to the daily cycle low is fast with large candles we will test back the lower at 1100. (6-10 days)
The move depends on the dollar and stocks.
Beacuse miners ( GDX , GDXJ )) only at 1st daily cycle whatever happens gold should make one more daily cycle before it moves down to its intermediate cycle low.
Trade: selling XAUUSD at 1150-1152 during the following 12 hours.