Gold, Silver & XAU Prepare for Reversal

Gold, Silver & XAU Prepare for Reversal;
June 26th Poised for Rebound Peak…
Late-June/early-July = Precarious!

06/24/17 Weekly Re-Lay:


Gold & Silver did complete their latest sell-off – or at least the latest phase of their sell-off – after attacking weekly HLSlevels last week and setting the stage for a spike low & rebound this past week.  In doing so, they fulfilled the potential for a 1–2 week low on June 19th or 20th.

Both metals tested monthly support and increased the likelihood for a quick rebound into June 23rd or 26th… with 1261.3/GCQ & 17.100/SIU representing the first level of resistance…

Silver has neutralized its daily downtrend while Gold has not, increasing the likelihood for a secondary peak & reversal lower in the coming days.

The XAU continues to move in lockstep with daily & weekly cycles, bouncing into short-term cycles on June 6–8th and then dropping into June 16–20th, the latest intermediate cycle low (see June 2017 INSIIDE Track for additional analysis).

That was expected to spur a reboiund into June 23/26th – the latest phase of a 19–20 day/13 trading-day high-high-high-(high) Cycle Progression – which is underway.  It has twice neutralized its daily downtrend, reinforcing the potential for a rebound peak on June 26th

Gold & Silver are bouncing in line with daily cycles and remain poised to set a daily high on June 26th – perpetuating a 20-day high-high-high Cycle Progression.”


Gold, Silver & XAU (gold stocks) following cyclic swings & poised for new downturn on June 26th.  Next leg down could break key support levels and extend into ?????…

See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.