Gold & Silver Extending Gains
04/01/17 Weekly Re-Lay:
“Gold & Silver remain positive, rallying steadily after pulling back & twice neutralizing their weekly uptrends, but not turning those weekly trends down. That pattern usually resolves itself with a rally back to the recent high.
Gold & Silver bottomed during the latest phase of an 11-week low-low-low-(low) Cycle Progression (in Silver) on March 6—10th… and have advanced since then.
On March 17th, Gold re-entered its weekly uptrend and turned its intra-year trend back up – projecting a rally back to the late-Feb. high of 1268.1/GCM. That remains the primary upside target. A spike above that level – and potentially to the ~1284.0/GCMarea – remains a possibility and is corroborated by new monthly resistance.
Silver just did the same thing, re-entering its weekly uptrend & reaffirming the potential for a retest of its previous high (~18.50/SIK).”
Gold’s monthly projected resistance (1284.2–1298.5/GCM) is corroborating ongoing for Gold to rally to new intra-year highs & potentially to ~1284.0/GCM. That could/should coincide with Silver setting new 2017 highs and the XAU potentially exceeding 88.00. Price action will dictate most likely time for next intermediate peak. See Weekly Re-Lay & INSIIDE Track for additional details.