Gold & Silver Poised for Early-Sept Highs; Project Future Highs in ~Early-Nov ‘23.
09-02-23 – “Gold & Silver fulfilled ongoing analysis for the latest multi-month low to occur within days of mid-Aug ’23. By setting lows on Aug 15 – 21, Gold & Silver fulfilled the latest phase of a consistent 22 – 23-week high-high-high-high-low-low-(
That dovetailed with Silver’s weekly HLS indicator, projecting a (minimum) 1 – 2 month low by/on Aug 18, ‘23. Silver fulfilled that and projected a sharp, initial rally from that mid-Aug ’23 low into early-Sept ’23 (Sept 5 – 11). It completed an Intra-month V Reversal higher in August (initial high at start of month, low at mid-month, higher high near month-end), reinforcing its recent low.
Sept 5 – 11, ‘23 is also the midpoint of its over-arching ~8-month/35 – 37-week low-low-low-high-(high) Cycle Progression that projects a future peak in Jan ’24… That would likely spur a pullback to [reserved for subscribers] and create a higher plateau from which a late-Sept/early-Oct advance could originate…
[**With diverse cycles peaking in mid-Oct – early-Nov ’23, it would not be surprising to see Silver do something very similar to what it did in Jan/Feb AND in April/May ’23 – when it set a series of successive highs at nearly-equal price levels.]”
Gold & Silver are fulfilling projections for a quick surge into early-Sept ’23 when a multi-week high is expected. If fulfilled, that would corroborate future cycle highs projected for late-Oct/early-Nov ’23 and Jan ‘24).
The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for late-2023 – late-2024! The setup of the XAU & HUI concurs. The 90/10 Rule of Cycles in Gold continues to project a sharp advance in Oct ’23 – in the final weeks leading into a (potential) early-Nov ’23 peak.
Where are Metals Likely to Rally in 4Q ’23? Will Middle East War Cycles Have an Impact??
How Does 90/10 Rule of Cycles Project Sharp Rally in October ’23?
Why are early-Nov ’23 Cycle Highs the Key to 2024 Outlook?
Refer to the April 11, 2023 special issue of The Bridge – Gold, Silver and Elliott Wave Structure – and subsequent reports – for expanded analysis and charts.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.