Gold & Silver Enter Decisive Week.
Gold & Silver Enter Decisive Week.
04/14/18 Weekly Re-Lay:
“Gold & Silver resumed their uptrends and could breakout to the upside soon…
Gold & Silver are fulfilling the potential for a new advance after daily cycles bottomed on April 5/6 and multiple indicators began to turn positive. Both metals initially turned their intra-month trends up as Gold also turned its daily trend up (Silver never turned its daily trend down).
That allowed Gold to again bump up against multi-year resistance at 1370 – 1378/GC. That triggered a quick correction (a 1 – 3 day pullback usually occurs right after a daily trend turns up) with both metals testing and holding their daily HLSlevels on April 12. That was expected to lead to a secondary (higher) low in the ensuing day(s).
They turned back up on April 13…as long as the April 5/6 lows hold, Gold & Silver are expected to [reserved for subscribers]…
The XAU is fulfilling projections for a rally into April 16 – 18 – the latest phase of a 21 – 24 day/14 – 16 trading day Cycle Progression that recently timed the March 26 high…
Gold & Silver remain in a good position for a breakout rally…as more indicators turned positive. They would remain in the most positive position, on a 1 – 2 week basis, if they do not give daily closes below 1334.2/GCM & 16.41/SIK.”
Gold & Silver have entered the Week of Aggression (April 12 – 19) and are bearing down on the Date of Aggression (April 19) – at the same time their technical indicators & cycles are projecting a near-term surge into April 18. That would be the latest phase of projected multi-month advances into May 2018. Silver’s unique weekly 21 MARC setup – corroborating multiple uptrend signals and daily/weekly cycles – reinforce the significance of the coming week(s). See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.