Silver Reinforcing Case for Rally into ~June 14; XAU Concurs.

Silver Reinforcing Case for Rally into ~June 14; XAU Concurs.

05/23/18 Weekly Re-Lay Alert:

“Gold & Silver are trying to rebound after bottoming during the latest phase of an 11-week & 22-week low-low-low Cycle Progression…Along with Gold, Silver could see an overall advance into June 11 – 15 (+ or – 1 week) – the latest phase of a 20-week high-high-high-(high) Cycle Progression.

1 – 3 month traders could have entered long positions [reserved for subscribers].

The XAU is rebounding after dropping to its weekly 21 Low MAC (81.23) while remaining above its weekly 21 Low MARC (80.77) last week.  It neutralized its daily uptrend multiple times but would not turn that trend down until a daily close below 81.09/XAU.

Corroborating that, the XAU dropped to – and held – daily HLS levels on two successive days, increasing the potential for an impending, 1 – 2 week low.  As stated before, the structure of the daily & weekly trends and the weekly 21 Low MACplaces the XAU in the ideal position to mount a new rally…

1 – 4 week traders could have entered long positions in the XAU (or related vehicles) at 81.32 – 82.06 and should risk/exit on [reserved for subscribers].  TRADING INVOLVES SUBSTANTIAL RISK”

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Gold, Silver & Gold/Silver Index (XAU) are on track for a rally into June 11 – 15, when the next multi-week peak & reversal lower is most likely.  Silver could match the duration of its Dec./Jan. rally with an advance into ~June 14 (the precise date of the 20-week cycle from the Jan. 25 peak) while Gold is expected to set a lower high at that time.  Its weekly trend pattern projects new lows after that rebound.  See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.