Gold Fulfills March 11th Cycle Peak!
03/12/16 Weekly Re-Lay: “Gold & Silver continue to trade near their highs, but without creating any follow-through to the upside – even when new highs are set. That reinforces the potential for additional consolidation with the next important low expected on April 4–8th & April 11–15th. [See March 2016 INSIIDE Track for related charts & analysis.]
Gold spiked to new highs on March 11th – perpetuating a 27–29 day low-low-high-(high) Cycle Progression, even as Silver set a lower high during the latest phase of its related 29–30 day low-low-high-(high) Cycle Progression.
Silver remains in more of a corrective mode since mid-Feb. and would not turn its weekly trend up until a weekly close above1600.5/SIK. Until that occurs, Silver leaves open the threat for a retest of its lows (based on that indicator).
While that would not be the preferred scenario, it cannot be ruled out. A more likely scenario would be that Silver drops below its late-Feb. low but bottoms out above its mid-Dec. low – completing a textbook ‘a-b-c’ correction…it would likely bottom around xx.xxx/SIK… [Specific target levels & trading strategies reserved for subscribers only]…
Gold spiked to new highs – but again failed to follow-through – during the latest phase of a 27–29 day low-low-high-(high)Cycle Progression.” TRADING INVOLVES SUBSTANTIAL RISK! See Hypothetical Disclaimer.
Gold fulfills daily cycle peak on March 11th & enters corrective phase. Overall pullback – into early-April – expected. Uncanny weekly cycle pinpoints likely time for secondary low in April. Watch Date of Aggression!