Gold, Silver & XAU Project Surges into Mid-April 2024; ~2320/GCM = 1st Target!

03-27-24 – Gold & Silver are consolidating after surging above 2150 – 2170/GCJ (Dec ’23 highs) and attacking initial targets near 2210 – 2220/GCJ.  That breakout level (2150 – 2170/GC) is now support.

Based on multiple wave objectives, Gold is still likely to see a surge to ~2300/GCJ (~2320/GCM) as part of its latest primary advance – an advance that could extend into mid-April 2024.

The latest two week’s LHRs are 2294 & 2302/GCJ (2324 & 2317/GCM), reinforcing that potential.  (If Gold manages to reach 2145/GCM tomorrow, it would create a 3rd consecutive weekly LHR near 2320/GCM.)

Silver maintains range-trading targets at ~26.75 & ~28.25/SIK.  After surging to new intra-year highs, Silver just pulled back to its rising weekly 21 High MAC – the ideal setup for a new rally.  Weekly LHRs are at 2772 – 2809/SIK, so a spike to that range is likely in April.

1 – 3 month & 3 – 6 month traders and investors could have entered/added to long positions in Gold & Silver at averages of 2025/GCJ & 23.00/SIK and can now [reserved for subscribers]. Roll into the June Gold contract… FUTURES TRADING INVOLVES SUBSTANTIAL RISK!

The XAU & HUI are surging in line with their monthly 21 MACs & 21 MARCs.  The action of the past 5 weeks has been similar to the weeks leading into and beyond early-March 2023, when the XAU embarked on a 5-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.

That could spur a surge above 137.00/XAU – leading into April 1 – 5th (7 weeks from the initial low and 5 weeks from the retest low).  On a near-term basis, the XAU is reinforcing that – showing the potential for a surge that could spike as high as 134 – 138.00… and powerfully confirm the buy signal triggered at 106.00 down to 102.60/XAU.

That is where extreme upside targets exist in the coming week(s).  The latest three weekly LHRs are at 131.52 – 134.52/XAU.  A weekly/monthly close above 126.29/XAU (tomorrow) would be one of the most bullish signals that index could trigger.  Several factors could trigger a spike above 128.00/XAU tomorrow.

1 – 3 month traders & investors could have entered long positions in related instruments (ETFs, stocks, etc.) when the XAU was at 106.00 down to 102.60 in late-February. Risk/exit on a daily close below 117.40/XAU.  Exit 1/2 of these positions if/when 134.00/XAU is hit.” FUTURES TRADING INVOLVES SUBSTANTIAL RISK!

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Gold & Silver are fulfilling their mid-February buy signals – projecting acceleration higher into April 12 – 19, 2024.

Gold & Silver Projecting Accelerated Surges into April 2024; Middle East Cycles Collide!

The current advance is projected to take Gold above 2320/GCM with Silver projected to exceed 28.00/SIK as the XAU surges to/above 137.00 into April 2024.  Secondary (higher) targets could be reached by/in mid-April 2024.

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.)

A 180-degree move from the October 7, 2023 attack on Israel arrives in early-April ’23… a cyclically likely time for a new attack of some form… and acceleration higher in precious metals.

 

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.