Gold Projects April 5 or 6 Bottom
Gold Projects April 5 or 6 Bottom.
03/31/18 Weekly Re-Lay:
“Gold & Silver peaked in line with Gold’s weekly LHR. A drop into April 5 – 9 is likely…
Gold & Silver remain divergent with Silver retesting its year-opening range (which remains as resistance, since Silver is in an intra-year downtrend) and reversing lower as Gold maintains its positive or neutral intra-year trend.
Until it neutralizes its intra-year downtrend, Silver maintains the intermediate potential for [reserved for subscribers]…
Gold spiked to new 5-week highs and into monthly resistance before selling off in fulfillment of its weekly LHR indicator.
Since then, Gold turned its daily trend down while Silver has neutralized its daily uptrend multiple times. Silver would not turn that daily trend down until a daily close below 16.195/SIK.
The daily 21 MACs are also mixed with Gold remaining mildly positive as Silver is turning negative. If Silver turns its daily trend down on Monday, that would likely extend this decline into April 5 – 9…
The XAU rallied right to monthly resistance (82.25 – 82.80) and peaked on March 26 – 28, the latest phase of a 21 – 24 day/14 – 16 trading day Cycle Progression.
That spurred a quick reaction lower, resulting in the XAU testing & holding its daily HLS while neutralizing (once) its new daily uptrend. The combination of those indicators was expected to spur a minor low, which quickly took hold. That validated expectations for congestion to stretch out another week or two.
Based on multiple factors, the XAU should spike above [reserved for subscribers]…
Gold & Silver are mixed with Gold turning its daily trend back down while Silver would not do the same until a daily close below 16.195/SIK. That increases the likelihood for Gold to sell off and form an intermediate low on April 5 or 6(possibly stretching into April 9).
Silver has a pair of dueling daily cycles – one governing the last 5 highs (and the low immediately preceding that) and the other governing the last 4 lows (and a high close immediately preceding that first low)… That dovetails with Gold’s cycles allowing for a low around April 6…”
Gold & Silver are setting the stage for new multi-week & multi-month advances that could spur a rally into May 2018. That dovetails with analysis for the Month of Aggression (March 20/21 – April 19/20), the Week of Aggression (April 12 – 19) and the Date of Aggression (April 19) – and the unique correlation to precious metals. However, progressive confirmation signals are necessary and MUST unfold in a timely manner. The next phase in that scenario is to see a sell-off into April 5 or 6, followed by a new multi-week advance. See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.