Tag: XAU Index

10/11/21 INSIIDE Track Update – Gold & Silver are on the verge of confirming a multi-week reversal higher.  They fulfilled intermediate analysis for overall declines into late-Sept/early-Oct with Gold testing weekly support and bottoming without giving a daily close below 1720.0/GCZ (pivot point). They also bottomed in sync with weekly extreme support patterns.  Gold’s weekly HLS indicator projected a 1 – 2 month low for the second half […]

10/06/21 Weekly Re-Lay Alert – Metals & Miners Bottoming” Gold, Silver & mining shares (XAU & HUI index stocks) are showing early signs of a multi-week low and reversal higher.  The HUI perfectly fulfilled multi-year, monthly, weekly & daily cycles bottoming in late-Sept. by setting their lowest close and intraday low on Sept 29.  Since that time, Gold has already evolved through a textbook […]

10/04/21 INSIIDE Track Update – Gold & Silver fulfilled intermediate analysis for overall declines into late-Sept/early-Oct with Gold testing weekly support and bottoming without giving a daily close below 1720.0/GCZ (pivot point). They reversed higher on Sept 30 – 180 degrees (6 months) from the Mar 30/31 lows in metals and mining shares – an ideal time for a low.  They have also initially fulfilled monthly and weekly […]

10/02/21 Weekly Re-Lay – Gold & Silver fulfilled intermediate analysis for overall declines into late-Sept/early-Oct with Gold testing weekly support and bottoming without giving a daily close below 1720.0/GCZ (pivot point). They reversed higher on Sept 30 – 180 degrees (6 months) from the Mar 30/31 lows in metals and mining shares – an ideal time for a low.  They have also initially fulfilled monthly and weekly cycles in Silver […]

09/30/21 INSIIDE Track – Gold & Silver dropped to new lows and are set to fulfill a myriad of cycle lows in late-Sept/early-Oct ‘21.  That includes Silver’s ~6-month high (Sept ’19) – low (Mar ’20) – low (Sept ’20) – low (Mar ’21) – low (Sept ’21) Cycle Progression and the corresponding 27 – 28 week high (Feb ’19) – high (Sept ’19) – low (Mar ’20) – […]

09/29/21 Weekly Re-Lay Alert – “Metals & Miners Merging” Much in the way the DJTA has led a corrective period in the overall equity market, the Gold Bugs Index (HUI) has led a corrective period in precious metals and mining shares since Aug ‘20. That was highlighted early this year, after the HUI had turned its monthly trend down and confirmed a 1 – 2 […]

09/25/21 Weekly Re-Lay – Gold & Silver dropped to new recent lows with Silver dropping right to monthly support (22.11 – 22.35/SIZ) and pivotal 6 – 12 month support that extends down to 21.96/SI… — Gold’s weekly HLS indicator projected a 1 – 2 month low for the second half of Sept. (by Oct 1). — Silver monthly cycles have projected a bottom in late-Sept while corresponding weekly […]

09/22/21 Weekly Re-Lay Alert – Gold & Silver dropped to new recent lows with Silver dropping right to monthly support (22.11 – 22.35/SIZ) and pivotal 6 – 12 month support that extends down to 21.96/SI… It has also fulfilled expectations for Gold to see a quick bounce back to 1780 – 1790/GCZ.  Gold just fulfilled that while twice neutralizing its daily downtrend and rebounding to test its […]

09/18/21 Weekly Re-Lay – Gold & Silver extended their declines after Gold had rebounded far enough (in early-Sept) to attack key range-trading resistance at 1840.0/GC. That spurred a subsequent decline that had Gold test and hold its weekly HLS on Sept 10 (1784.9/GCZ – the extreme downside target for that week) – a pattern that portends a 1 – 2 month low in the ensuing 1 – 3 weeks. […]

09/01/21 INSIIDE Track – Gold & Silver plunged to major support (1680/GC & 22.27/SIU) after spiking higher into intermediate cycles on Aug 4 – as the XAU & HUI spiked to new 5 – 6 week highs (fulfilling their weekly cycle expectations) and reversed lower… On Aug 9, Gold spiked down to 1680/GCZ – its lower range-trading target and the lows of early- and late-March – […]