Gold & Silver Trading; March 3 Weekly Buy Signal Spurs Multi-Week Surge.
03-15-23 – Gold & Silver surged into mid-March with Gold rallying in fulfillment of its daily trend pattern (turned neutral but not down, corroborating the March 3 bullish weekly signal) and March 8 buy signal – reinforcing the potential for a rally into [reserved for subscribers]…
Perhaps more important, it surged to its weekly LHR (extreme weekly upside target for this week) at 1937.8/ GCJ… Silver also surged and reached its initial upside target at 22.30 – 22.50/SIK (weekly LHR, 50% rally, recent range resistance) without turning its daily trend up. It would not do so until a daily close above 22.05/SIK.”
Gold & Silver fulfilled the 1 – 2 year outlook for lows in Sept ’22 (SI) and Nov/Dec ’22 (GC) and entered the ideal setup – based on inflationary factors (slowing), interest rates, and the Dollar (peaking) – for the onset of a very bullish 1 – 2 year period. Platinum is signaling something similar.
They are validating projections for multi-month (secondary) bottoms in early-March ‘23, completing ‘2’ or ‘B’ wave pullbacks (following the initial advances from the Sept & Nov ’22 lows) and portending strong rallies in March/April ’23… coinciding with the outlook for bottoming Bonds & Notes.
The XAU & HUI are similar and projected a multi-month low by/on March 6 – 10 – during the latest phase of an uncanny ~23-Week Cycle. The monthly trend projects a strong rally to new intra-year highs to follow. Gold triggered a convincing weekly buy signal on March 3, ’23 and then triggered a corroborating daily buy signal on the March 8 close… confirming the outlook for a new surge in March/April ’23.
How High Could Gold & Silver (&XAU) Reach in 2023?
Will the Outlook for Bonds (Bottom in ~March ’23) & Interest Rates Concur?
What Other Factors Could Positively Impact Gold & Silver in 2023?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.