Gold & Silver ‘c’ Wave Declines Coincide with Palladium Reversal; 2 – 3 Week Projected Drops Underway! April 8 – 12 & April 15 – 19 = Pivotal.
Gold & Silver ‘c’ Wave Declines Coincide with Palladium Reversal; 2 – 3 Week Projected Drops Underway! April 8 – 12 & April 15 – 19 = Pivotal.
03/30/19 Weekly Re-Lay:
Gold & Silver are validating the potential for another sell-off after fulfilling analysis for a secondary high. In another example of the roller coaster analogy, those secondary highs coincided with a primary high in Palladium topping and reversing lower on March 22 – 26.
Those reversal signals confirmed Palladium’s peak, set while perpetuating a 29 – 31 week high-high-high-high-high-low-high Cycle Sequence – a ~7-month cycle that dates back to Oct. 2015. That peak also fulfilled an over-arching ~14-month/59 – 61 week high-high-high-(high) Cycle Progression.
It also came after Gold spiked to new rebound highs while Silver failed to do the same – repeating the divergent weakness seen in Silver since 3Q ‘18.
If Silver perpetuates its ~5-month/20 – 22 week high-high-high-high-low-(low) Cycle Progression, it should bottom on April 1 – 19, with April 8 – 12 providing the ideal week for a bottom.
A low on April 8 – 12 would also complete a 50% retracement in time (14 weeks up/7 weeks down) and a 5-week high-low-(low) Cycle Progression…
The potential for a larger Dollar correction – taking hold in April and potentially lasting into 3Q 2019 (see 38 – 40 Month $$$ Cycle reprinted in Feb. 2019 INSIIDE Track) – corroborates the potential for metals to bottom in the coming weeks.
The XAU set its highest daily close of 2019 while fulfilling analysis for a quick spike up to weekly and monthly resistance (and other targets) – at 78.37 – 79.82/XAU.”
Gold, Silver & XAU poised for new declines in April as XAU fulfills analysis for spike up to 79.82/XAU in March. Weekly LHRs perfectly timed intermediate peaks that could hold for 1 – 2 months. Palladium reinforcing potential for April sell-off in precious metals.
Where is April Support Shaping Up?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.