Tag: XAU Index

12-11-24 – “Gold & Silver remain in consolidation below their late-October highs – peaks that fulfilled multi-month cycles including an uncanny ~12.5 month/~54-week high-high-low (Aug ’21) – low (Sept ’22) – low (Oct ’23) – (high; late-Oct 2024) Cycle Progression. On a near-term basis, they both entered or re-entered daily uptrends on Monday, elevating the current rally to the next higher magnitude.  On an […]

11-06-24 – The Golden Parachute – “Gold & Silver are closely adhering to the overall outlook, completing ~12-month rallies into late-October 2024 – when multi-month & multi-week cycles projected an important peak.  That was/is expected to spur an initial drop into November 8/11th and potentially a larger, overall decline. While Gold & Silver are selling off, Bitcoin is likely completing a multi-month rally […]

11-05-24 – “Gold & Silver are showing signs of topping with both having attacked pivotal upside targets in late-October – the ideal time for a multi-week or multi-month high. That also fulfilled/completed the October 11th weekly 2 Close Reversal signal in Gold – projecting a new 2 – 3 week surge. From a price perspective, Silver led this topping phase, attacking its weekly LHR on Oct […]

11-02-24 – “Gold & Silver fulfilled late-October cycles and should (initially) drop into Nov 8/11th… The Dollar Index has rallied – supported by rising interest rates – after fulfilling the outlook for a multi-week bottom on Sept 27/30… On a larger-magnitude basis, the Dollar Index remains capable of stretching a multi-month peak into 1Q 2025, ideally January ‘25. This comes after it […]

10-31-24 – “The intrinsic value of the US Dollar – or any currency, for that matter – is based on comparative values.  Even when the Dollar had intrinsic worth (before being backed by nothing more than debt), it’s value was based on a corresponding measure of Gold. Regardless of whether or not the Dollar printers relate current Federal Reserve Notes to Gold, it […]

10-26-24 – “Gold & Silver rallied strongly with Silver attacking its weekly LHR an extreme upside weekly target – at 34.03/SIZ.  It reached 33.97/SIZ on Oct 18th, effectively fulfilling that upside objective and increasing the likelihood for a 1 – 2 month peak in the subsequent week(s). That also fulfilled expectations for Silver to attack ~34.00/SIZ, its upside range-trading target that coincide with October’s monthly resistance at 33.96 […]