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Short

GOLD daily cycle tops tomorrow on day 15

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
107 1 7
GOLD             is getting very interesting.
A daily cycle usually lasts for 20-28 days. Tomorrow is day 15.
Tomorrow we will reach the 300 EMA 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 trend line 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 trend line 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.
The breakdown came one day later , but price is breaking down from the 300 EMA just as I predicted.
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