Below there are two cycles FIXED and ADAPTIVE. The fixed cycle is obvious, the adaptive cycle is formed by price action. As you can see gold is near a peak, and a swing down can be expected, how deep and far is any one guess. Supply does enter the market near upper supply lines (upper trend line) so we can expect the current quick price move to be challenged very soon!
The 297 daily cycle was found using the readtheticker.com Jim Hurst Cycle tools
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