The technical analysis of the spot gold, presented in this video, employs a rather interesting theory based on the long-term super cycles, according to which the gold is rising since 2006. These cycles run for 21–23 months and currently we are in the beginning of the third cycle. A cycle has a parabolic shape and begins with a decline and after 6–8 months switches to growth, ending with a new record maximum. So, for the long-term traders it’s still a good opportunity to sell, holding a short gold position for about a half a year and then buy, aiming to catch another peak. Of course, cycles aren’t surefire and you shouldn’t risk too much, relying on such kind of analysis.
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