Gold Poised for Spike to ~2445/GCM; April 12/15th Peak Likely. Silver Concurs.

04-11-24 – Gold & Silver have surged to primary upside targets in line with overriding wave timing targets, particularly in Gold.  For the past 6+ weeks, Gold had been projected to surge from ~2040 to at least ~2320/GCM in fulfillment of its mid-February buy signal.

That was/is the minimum upside target for this 1 – 2 month advance.  In late-March, Gold showed it would likely exceed that initial target and reach 2333 – 2357/GCM.  Gold has reached that combination of targets (and could spike up to its secondary target at 2430 – 2445/GCM) as Silver surged to its own combination of targets at 28.09 – 28.25/SIK (range-trading target, weekly LHR, monthly HHR).  (**A longer-term range target, on multiple levels, is at 30.50 – 31.25/SI.)

All of this action, including Gold’s test of its weekly LHR last week, portend a 1 – 2 month peak… That dovetails with longer-term analysis, reiterated in mid-March.

A high on April 12 – 18th would fulfill a ~1-month/~30-degree low (Nov 13 – 18, ’23) – low (Dec 13 – 18, ’23) – low (Jan 13 – 18, ’24) – low (Feb 13 – 18, ’24) – low (March 13 – 18, ’24) – (high; April 13 – 18, ’24) Cycle Progression.

However, price action needs to signal when an intermediate peak is taking hold.  Gold has initially fulfilled a ~19-wk low (March ’23) – high (July 17-21 ’23) – high (Nov 27 – Dec 1 ’23) – (high; April 8 – 15 (–19), ’24) Cycle Progression but competing cycles and wave objectives could still spur higher highs in April.

1 – 3 month & 3 – 6 month traders and investors could have entered long positions in Gold & Silver at averages of 2025/GCJ (2045/GCM) & 23.00/SIK and be holding 1/2 of these positions w/avg. open gains of about $34,000/contract & $26,000/contract, respectively.  Move risk/exit levels to daily closes below 2335/GCM & 27.50/SIK

The other 1/2 could have been exited last week (at the published levels) – with avg. gains of about $27,000/contract (GC) and $22,000/contract (SI).   TRADING INVOLVES SUBSTANTIAL RISK!

The XAU & HUI have surged in line with their monthly 21 MACs & 21 MARCs.  The action of the past 7 weeks mimicked the weeks between mid-February and mid-April 2023, when the XAU embarked on a ~5 & ~7-week surge.

In both cases, the XAU suffered a final sharp sell-off for ~2 weeks, bounced, then retested that low ~2 weeks later.  In 2023, that led to an overall advance of ~35.00/XAU points over a ~5-week period. 

2024 was projected to see something similar… but potentially more powerful…

On a broader basis, the February ’24 low projected a higher-magnitude advance to at least 157.00/XAU, where the current rally would match the magnitude of the late-2022/early-2023 rally.  That could be seen in the coming months… possibly weeks.

1 – 3 month traders & investors could have entered long positions in related instruments (ETFs, stocks, etc.) when the XAU was at 102.60 – 106.00 in late-February and exited 1/3 of those positions when 134.00/XAU was hit last week.  Another 1/3 cold have been exited when 138.00/XAU was hit.  Move sell stops to exit the remaining 1/3 if/when a daily close below 130.40/XAU.  FUTURES TRADING INVOLVES SUBSTANTIAL RISK!

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Gold & Silver are fulfilling their mid-February buy signals – projecting acceleration higher into April 12, 2024.  A myriad of cycles peak between April 12th & April 19th and should time an initial, 2 – 4 week high…

 

Gold & Silver Projecting Accelerated Surges into April 2024; Middle East Cycles Collide! 

 

Gold is likely to reach 2430 – 2445/GCM and likely peak near those objectives. (See latest publications for specifics.)  A new surge will likely be seen in May/June 2024 with Silver already setting up for a volatile and potentially explosive period.

The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for 2024!  Gold is acting as the ‘Canary in the Coal Mine’ and has fulfilled projections to break out to the upside in March 2024!

 

What Will Gold Surge Portend for Other Markets??

When is Next Silver ‘Sweet Spot’?

Will Platinum Soon Join In (Watch May 2024)?

 

40-Year Cycle – Dollar Dominion Dilemma & Demise

40-Year Cycle – Currency Wars & Cryptos

Solar, Seismic & Gold Intensity Cycles

 

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.