Gold Stocks Set Stage for Decisive Low!

Gold Stocks Set Stage for Decisive Low!
Dec. 4 – 15 = Weekly AND Monthly Cycles…
Gold & Silver Following XAU Lower.

 

12/05/17 INSIIDE Track Intra-month Update:

 

“Gold & Silver have sold off after rebounding into Nov. 17 & setting intermediate highs while perpetuating a 21-day low-low-(high) Cycle Progression…Last week, Silver fulfilled the potential for a drop to a synergistic combination of weekly HLS levels – around 16.280/SIH.  The test of that level projects a 1 – 2 month low in the ensuing weeks…

The XAU fulfilled its daily trend pattern by spiking to new lows and has just fulfilled its 2 – 3 month outlook by dropping to 77.50/XAU.  The early-Nov. peak reinforced that downside target, creating a monthly HHS – for Dec. – at 77.71/XAU.

A multi-month low is still expected in Nov./Dec. 2017 – the latest phase of an 11 – 12 month low-low-low Cycle Progression.

A low on Dec. 4 – 15 would create a 21 – 22 week high-low-(low) Cycle Progression originating from the early-Feb. intra-year peak.”

 

Gold, Silver & XAU on track for drop into, and intermediate bottom during, Dec. 4 – 8.  XAU HLS (intra-week extreme downside target) is at 75.77/XAU and could be tested with a quick spike down.  If hit, it would increase the likelihood for a multi-week (possibly multi-month) bottom before mid-Dec.

Dollar cycles & technical indicators set stage for new decline in early-2018.  Could that spur next advance in precious metals?  One specific pattern needs to corroborate.

 

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