Gold Projects Surge to 2430 – 2445/GCM into ~April 12/15th! Silver Concurs.
04-06-24 – Gold & Silver remain bullish and are fulfilling key aspects of their multi-month outlook for powerful surges… Gold & Silver have surged to primary upside targets in line with overriding wave timing targets, particularly in Gold. For the past 6+ weeks, Gold had been projected to surge from ~2040 to ~2320/GCM in fulfillment of its mid-February buy signal…
That was/is the minimum upside target for this 1 – 2 month advance.
In late-March, Gold showed that it would likely exceed that initial target and reach 2333 – 2357/GCM – where monthly resistance and the weekly LHR converged with daily LHRs and a near-term wave objective… at which point Gold’s March/April rally would equal the magnitude of its preceding Feb/March ’24 rally – at 2356.3/GCM.
Gold reached that combination of targets as both Gold & Silver were fulfilling daily cycles that projected rallies into April 3 – 5th.
Silver maintains range-trading targets at ~26.75 & ~28.25/SIK**. 2 of the latest 3 weekly LHRs were at 27.72 – 28.09/SIK and were nearly reached this past week. The monthly HHR (28.18/SIK) concurs. (**A longer-term range target, on multiple levels, is at 30.50 – 31.25/SI.)…
All of this action, including Gold’s test of its weekly LHR, portend a 1 – 2 month peak in the coming weeks. That dovetails with longer-term analysis, reiterated in mid-March. In the case of Gold, a third consecutive 27 – 29-week advance projects a multi-month high in April ‘24, with the greatest synergy of reinforcing cycles on April 12 – 19, 2024…
Not surprisingly, that would have the crescendo of a major advance coinciding with the Date of Aggression (April 19th) – a time when other significant peaks have been seen in Gold & Silver.
More important is a ~19-wk low (March ’23) – high (July 17-21 ’23) – high (Nov 27 – Dec 1 ’23) – (high; April 8 – 15 (–19), ’24) Cycle Progression that also culminates at that time.
Gold could spike up to its second target (2430 – 2445/GCM) at that time.
A rally into April 15 – 19, ’24 would create some wave symmetry with Gold & Silver rallying for ~9 weeks, correcting for ~10 weeks, and then (potentially) rallying for ~9 weeks again… into April 15 – 19th. Those three swings would create a 28-week advance from the early-October 2023 low.
A high on April 12 – 18th would also fulfill a ~1-month/~30-degree low (Nov 13 – 18, ’23) – low (Dec 13 – 18, ’23) – low (Jan 13 – 18, ’24) – low (Feb 13 – 18, ’24) – low (March 13 – 18, ’24) – (high; April 13 – 18, ’24) Cycle Progression.
1 – 3 month & 3 – 6 month traders/investors could have entered long positions in Gold & Silver at averages of 2045/GCM & 23.00/SIK and be holding these w/avg. open gains of about $30,000/contract & $22,500/contract, respectively.
1/2 of Gold positions should have just been exited when 2319/GCM was hit – with avg. gains of about $27,000/contract. Exit 1/2 of Silver positions now. Move risk/exit levels on remaining positions to daily closes below 2280/GCM & 26.40/SIK… FUTURES TRADING INVOLVES SUBSTANTIAL RISK!
The XAU & HUI are surging in line with their monthly 21 MACs & 21 MARCs. The action of the past 7 weeks has mimicked the weeks between mid-February and mid-April 2023, when the XAU embarked on a ~5 & ~7-week surge.
In both cases, the XAU suffered a final sharp sell-off for ~2 weeks, bounced, then retested that low ~2 weeks later. In 2023, that led to an overall advance of ~35.00/XAU points over a ~5-week period.
2024 was projected to see something similar… but potentially more powerful.
That was projected to spur a surge to ~137.00/ XAU leading into April 5th (7 weeks from the initial low and 5 weeks from the retest low). It made it to 136.76/XAU on April 5th!
That also had it fulfilling multiple other indicators and objectives – projecting a surge to 134 – 138.00 in this time frame. That is where four consecutive weekly LHRs converged (131.52 – 137.96/XAU) – just below the monthly Raw SPR at 138.15/XAU.
On a broader basis, the February ’24 low projected a higher-magnitude advance to at least xxx.xx/XAU…
1 – 3 month traders & investors could have entered long positions in related instruments (ETFs, stocks, etc.) when the XAU was at 102.60 – 106.00 in late-February and exited 1/3 of those positions when 134.00/XAU was hit this past week. Another 1/3 can be exited if/when 138.00/XAU is hit. Move sell stops to exit if/when a daily close below [reserved for subscribers]… FUTURES TRADING INVOLVES SUBSTANTIAL RISK!
Gold & Silver are fulfilling their mid-February buy signals – projecting acceleration higher into April 12, 2024. A myriad of cycles peak between April 12th & April 19th and should time an initial, 1 – 2 week high…
Gold & Silver Projecting Accelerated Surges into April 2024; Middle East Cycles Collide
Gold is likely to reach 2430 – 2445/GCM at that time… and likely peak near those objectives. (See latest publications for specifics.)
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 2024! Gold is acting as the ‘Canary in the Coal Mine’ and has fulfilled projections to break out to the upside in March 2024!
Related cycles reinforce the likelihood for intensification of Middle East War Cycles in 2024 – with a new escalation of Iran vs Israel conflict likely to spur gains in Gold & Silver. Watch March 20 into April 19/20 as the most likely time for escalation of tensions in the Middle East, new surges in Gold & Silver, AND a sell-off in stock markets. (The March 2024 INSIIDE Track recently elaborated.)
What Will Gold Surge Portend for Other Markets??
40-Year Cycle – Dollar Dominion Dilemma & Demise
40-Year Cycle – Currency Wars & Cryptos
Solar, Seismic & Gold Intensity Cycles
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.