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Gold has an average 18-week cycle that last bottomed at the arrow at 275.40. The weekly cycle top occurred in the top-to-crest timing band that occurred in the first one-half cycle as indicated by the 5-double stoch oscillator. Prices are already in the bottoming timing band, but with both oscillators moving lower, prices should decline for several more weeks. Notice that the top of the 18-week cycle was confirmed with a sell signal. The bottom of the 18-week cycle should also be confirmed with a buy signal.

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