{"id":15366,"date":"2011-11-19T17:45:00","date_gmt":"2011-11-19T17:45:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-enters-corrective-phase-of-current-intermediate-term-cycle\/15365\/"},"modified":"2011-11-19T17:45:00","modified_gmt":"2011-11-19T17:45:00","slug":"gold-enters-corrective-phase-of-current-intermediate-term-cycle","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-enters-corrective-phase-of-current-intermediate-term-cycle\/15366\/","title":{"rendered":"Gold Enters Corrective Phase of Current Intermediate-term Cycle"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><br \/>\n<!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><br \/>\n<!--\/mfunc--><\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td align=\"center\"><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20111121043739im_\/http:\/\/www.prometheusmi.com\/images\/pages\/commentary\/images\/weekly\/2011\/11\/19\/ta\/gold.png\" alt=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>As <a href=\"http:\/\/prometheusmi.com\/2011\/11\/17\/potential-intermediate-term-signal-gold-market-cycle-analysis-2\/\" target=\"_blank\" rel=\"noopener\">noted on Thursday<\/a>, the decline this week generated a cycle high signal, indicating that an Intermediate-Term Cycle High (ITCH) likely formed last week.<\/p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td align=\"center\"><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20111121043739im_\/http:\/\/www.prometheusmi.com\/images\/pages\/commentary\/images\/weekly\/2011\/11\/19\/ca\/gold.png\" alt=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The confirmed early formation of an ITCH would be a bearish development favoring additional weakness heading into the next Intermediate-Term Cycle Low (ITCL) in early 2012. Additionally, it remains possible that the recent high in August was a meaningful inflection point and market behavior during the next several weeks will likely provide an important signal with respect to long-term direction. We will identify the key developments as they occur in our <a href=\"http:\/\/www.prometheusmi.com\/category\/forecasts\/\" target=\"_blank\" rel=\"noopener\">market forecasts<\/a> and <a href=\"http:\/\/www.prometheusmi.com\/category\/signals\/\" target=\"_blank\" rel=\"noopener\">signal notifications<\/a> available to <a href=\"http:\/\/www.prometheusmi.com\/registration\/?plan_id=9&amp;affiliate_id=1&amp;source_code=commentarypost\/\" target=\"_blank\" rel=\"noopener\">subscribers<\/a>.<\/p>\n<p><a href=\"http:\/\/prometheusmi.com\/?p=10577\" target=\"_blank\" rel=\"noopener\">Read more here<\/a><\/p>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: prometheusmi  <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>As noted on Thursday, the decline this week generated a cycle high signal, indicating that an Intermediate-Term Cycle High (ITCH) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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