Gold/Dollar Connection Projects Focus to April 18/19 for Next Gold Peak.
03/19/22 Weekly Re-Lay – “Gold & Silver corrected sharply after fulfilling expectations for a surge into March 7 – 11, when a multi-week peak was most likely. Gold fulfilled an 11 – 12 week high-low-low-high Cycle Sequence as well as a corroborating 6-week low-low-(high) Cycle Progression and ~3-week low-low-low-low-(high) Cycle Progression with that high.
It also precisely fulfilled a 41 – 42 day low-low-high-(high) Cycle Progression (that projects a future intermediate peak for April 18/19 – the Date of Aggression, among other things). At that time, Gold surged to new highs and its weekly LHR (the extreme weekly upside target for March 7 – 11) at 2071.2/GCJ, fulfilling the potential for an accelerated surge into an initial peak.
All of that is why Gold’s peak could hold longer than Silver’s… When Silver peaked, it completed successive advances of equal duration (5 weeks each; Dec 15 – Jan 20 & Feb 3 – Mar 8).
Both metals dropped back to their month-opening lows and have initially held (without turning their daily trends down). At the same time, they kept alive the ongoing correlation to the Dollar Index:
Both Gold & the Dollar Index began recent ~5-week surges after bottoming within days of Feb 1.
Gold initially topped on March 8 after surging to its highest level in the past 12 – 18 months.
The Dollar Index peaked on March 8 after surging to its highest level in the past 12 – 18 months.
Both Gold & the Dollar Index peaked 6 weeks after their previous highs (set in the second half of Jan ‘22) and 15 – 16 weeks after the highs before that (set in the second half of Nov ‘21).
And now, both Gold & the Dollar Index sold off into March 16/17 without turning their daily trends down.
The interesting thing will be if they break this pattern and begin to move separate ways. Silver could lead the next move higher…A pair of ascending highs could be seen in March/ April ‘22 and then Aug/Sept ’22 with a sizeable correction in between.
A (1 – 2 month) peak in March ’22 would also perpetuate Silver’s ~6-month low-low-low-low (Sept ’21) – high Cycle Progression that helped pinpoint the late-Sept ’21 bottom…
The XAU & HUI, meanwhile, remained relatively stronger and only retraced to their rising daily 21 High MACs – remaining above those averages and in a more positive structure that should propel them to new (multi-year?) highs in the coming weeks.
They bottomed 3 months/90 degrees from their mid-Dec ’21 low, after retracing for the same amount of time as they did in late-Jan (wave equality) and precisely at those key support levels – reinforcing their unfolding uptrends and projecting a new wave higher, which is likely the 5th wave of a 5-wave advance from mid-Dec.
They are still likely to spike higher in the coming week(s)… They fulfilled 1 – 3 month upside targets in price and time but are still likely to spike as high as (or higher than) monthly & weekly LHRs (extreme upside targets) – converging around [reserved for subscribers].”
Gold & Silver fulfilled the 3 – 6 month outlooks for sharp rallies into late-Feb/early-March ’22 and peaked – along with a myriad of cycle highs – on March 8. Those highs, particularly in Gold, project a future multi-week peak for April 18/19 as part of the overall outlook for 2022.
Silver is fulfilling monthly cycles that argue for a pivotal peak in March ’22 – the latest phase of its ~6-month Cycle Progression and a possible precursor to a more significant peak in ~Sept ’22 (6 months later). XAU & HUI cycles also peaked on March 7/8 ’22 but are showing more relative strength than the actual metals and are expected to rally to new intra-year or multi-year highs in the coming weeks. Copper is fulfilling multi-year upside objectives and could peak in March ’22.
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Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.