X Marks the Spot for Gold's Bottom; Silver Update

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Believe me when I tell you I entirely understand that nothing under the sun works 100% of the time in being able to fortune tell the exact movement of the financial markets. Our task as successful traders and investors is simply to do our very best at putting the odds in our favor - fully understanding we will never bat 100%, at least not for very long, and we should be very pleased when we manage to get the majority of trades to go our way.
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Having said that, I hoped it would be encouraging to some readers to again take a closer look at gold's daily and intermediate cycles. This time with an eye on the intermediate cycle top that occurs about every 6 months, and a closer look at what happens after the top is in.
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Click on any chart to ENLARGE
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On this daily chart of the World Gold Index (XGLD) you will notice that I have used an 'X' to mark the spot of each of the recent intermediate cycle bottoms. I also used an 'X' to mark the spot where at least one daily cycle concluded before the final left translated daily cycle (which is also the bottom of the intermediate cycle).
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I'm sure you will notice the relative symmetry of the intermediate cycle tops. Kind of like clock work, don't you think? Also notice how accurately the True Strength Index (TSI) indicator nails the exact bottom usually within a single day or the very day itself.
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Finally, the three preceding intermediate cycles concluded with a left translated daily cycle. This is what we presently have as gold appears to have topped on Day 7 of a 20-28 day cycle.
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And let's take a quick look at silver. The continuous futures contract began trading a little over an hour ago. Traders were very quick to test silver and succeeded in bringing it down to $33.88 in fairly short order.
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