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GLD soon to go into a modest correction, based on cycle analysis
GLD
, 1DShort
GLD: GLD soon to go into a modest correction, based on cycle analysis

The chart shows cycle analysis on GLD. The bottom shows the repeating cycle lengths, which are very consistent in GLD and gold futures. You can see the support area, which we labeled as a buy zone. Based on momentum indicators and the structure of cycle patterns, in multiple time frames, it is expect that the price of gold will continue the uptrend.

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