Gold Accelerating Higher
05/31/17 Weekly Re-Lay Alert:
“Gold & Silver remain strong after pulling back & fulfilling the downside objectives for a multi-week decline… while bottoming on May 8–12th. Gold remains in the strongest technical position, having remained in an intra-year uptrend and weekly 21 MAC uptrend.
Both metals surged to weekly LHR levels on May 19th – a precursor to an intermediate peak in the ensuing weeks (no later than June 9th)…
1–4 week traders could have bought August Comex Gold futures at [reserved for subscribers].”
Gold entering accelerated advance, confirming latest buy signal… even as time/price indicators warn of a peak by June 9th. Strong surge could intervene as Gold hones upside price target. Gold Stocks (XAU) consolidating since fulfilling May 22–26th cycle low.
See Weekly Re-Lay & INSIIDE Track for more specific expectations, targets & trading strategies.