Gold Trading; Metals Fulfilling April 18/19 Cycle High.
04/20/22 Weekly Re-Lay Alert – “Gold & Silver have consolidated after surging into pivotal cycles that converged on March 7 – 11 – when a multi-week peak was expected – and then correcting sharply in the week that followed.
With its early-March peak, Gold fulfilled an 11 – 12 week high-low-low-high Cycle Sequence** and a 6-week low-low-(high) Cycle Progression** as Silver completed successive advances of equal duration.
That was/is expected to lead to a subsequent peak in the current week (April 18 – 25) – the latest phase of the ~6-week low-low-high-(high) Cycle Progression that helped pinpoint the March 7 – 11 high in Gold. The late-March spike lows reinforced this April ’22 scenario and projected new 2 – 4 week rallies.
Gold & Silver fulfilled those and initially peaked on April 18** – triggering quick sell-offs into mid-week…
**The April 18 highs reinforce the next phase of both this ~6-week and the overriding ~12-week cycles – converging in late-May… daily closes below 1941.0/GCM & 24.98/SIK would signal that another set of multi-week highs are in place – which would project sell-offs back to the late-March lows as part of this congestion.”
Gold, Silver & XAU/HUI Indexes have initially fulfilled expectations for rallies from mid-March into April 18/19 – when Gold cycles portend the next multi-week peak. The overall equity market portends a peak near the same time – ideally on April 19 – 21 – ushering in an intriguing and tenuous period in the markets. Along with the overall stock markets, metals now enter a dangerous time on/after the Date of Aggression (April 19/20) – when equities are projecting an abrupt sell-off.
What Does April 18/19 Peak Mean for Metals in 2Q/3Q ‘22?
Why Are Equities Also Forecast to Set a Peak This Week?
How Could Solar & Seismic Cycles Impact Metals in 2022/2023??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.