Gold & Silver Consolidate as Dollar Bottoms; Platinum Signaling Low.
05-07-25 – “Opening ranges are a frequently discussed tool – incorporating time and price – that play a pivotal role in trading. While this is not the type of indicator that triggers direct trading signals, it plays a corroborating role in other trigger signals and technical indicators.
The critical aspect of these is not as much the range itself – although that plays two key roles – but when and where a market breaks out of those opening ranges. That is what it takes to trigger an intra-period (day, week, month, year, Natural Year, etc.) trend.
There are many pertinent discussions that could revolve around opening ranges, at this point in time, but the focus of this one is the new monthly opening ranges and the potential for related intra-month trend triggers in either direction.
Simply put, the month-opening range is considered the first three trading days of any given month. An intra-month trend signal is triggered when a market gives a daily close above or below that 3-trading-day range (see page 2).
Like all indicators, this one requires synergy to take on greater significance and hold more credibility. There are also times (see Gold & Silver) when an initial intra-month trend signal needs reinforcement due to conflicting 1 – 2-week indicators… most notably the daily trend indicator…
Gold & Silver have rallied and initially turned their intra-month trends up on May 6th. It would, however, take daily closes above 3449/GCM & 33.48/SIN to turn their daily trends back up and project additional upside. They have both twice neutralized their daily downtrends, while rallying into today, identifying the next 1 – 2 days as a pivotal/decisive time.
On a broader basis, Silver’s early-April low reached (and bottomed at) its ongoing downside target near 27.60/SIK, fulfilling projections for a ‘C’ wave decline that have been the focus since Dec ‘24. From a timing perspective, it set a low in April ’25 – fulfilling broader geometric cycles that were/are expected to foreshadow a future peak in ~April 2026.
That low needs to hold in order to validate the outlook for a rally from April into Nov ’25, ultimately into ~April ’26. Until proven otherwise, that early-April ’25 low is considered to be the major corrective low in Silver that was projected since 4Q ’24.
The XAU & HUI are similar to Gold & Silver in that they turned their intra-month trend up while twice neutralizing their daily downtrend. This is one pattern in which the intra-month trend requires a confirming close – in this case, above 191.93/XAU – to turn the daily trend back up & reinforce the intra-month trend.”
Gold & Silver have consolidated after surging into late-April. That followed Silver’s early-April bottom that fulfilled its 3 – 6 month downside objective and projected a multi-month advance to follow. That was in sync with the outlook for Platinum & Palladium as both entered bullish cycles on April 7 – 11th and are expected to surge into June ’25. Recent action also reinforces the 17-Year Cycle impact on Silver.
17-Year Cycle & Silver: April ’25 Low
Gold, Silver & the XAU are in corrective modes but expected to create new rallies into ~mid-June ‘25. Platinum & Palladium are similar and are projected to enter more significant rallies – leading into the next phase of Platinum’s ~5-week cycle on June 6 – 13, ’25). The April ’25 INSIIDE Track detailed why Platinum is on the cusp of a Major advance (along with Silver & Palladium), stating: “This could be one of the ‘golden’ (or is that ‘platinum’) trading opportunities of 2025!”
The 40-Year Cycle of Currency War continues to impact Gold and its relationship to the US Dollar. Gold fulfilled major cycles in Sept/Oct 2022 when it perpetuated a 7-Year Cycle of consistent lows (2001 – 2008 – 2015 – 2022) that coincided with the onset of a new 40-Year Cycle of Currency War AND 80-Year Cycle of War and projected a multi-year bull market to follow (into at least 2025/2026 and potentially longer)…
Outlook 2022/23: A New Currency War Begins
Outlook 2023: A New Currency War & Inflation
April 2025 ushered in a new and reinforcing phase of this overall shift and could be the first phase of major rallies in key metals (Platinum & Palladium) and the next phase for Gold & Silver. See current publications for the most updated analysis.
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Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.