Gold, Silver & XAU Reinforce Jan. ‘18 Cycle High; Focus on Nov. ‘18.

Gold, Silver & XAU Reinforce Jan. ‘18 Cycle High; Focus on Nov. ‘18.

03/30/18 INSIIDE Track:

03/30/18 – Gold & Silver fulfilled their upside objectives in late-Jan. with Silver turning its weekly 21 MAC down on Jan. 22 – 26 and triggering a 1 – 2 month sell signal.  That projected a convincing sell-off in Feb. that was expected to stretch into early-March (daily cycles in Gold projected the earliest low – for  March 1 – 2).

Gold bottomed on March 1 and has consolidated since then.  It remains neutral on a weekly trend and intra-year trend basis.  Silver is a little weaker, turning its intra-year trend down on Feb. 2 and remaining there ever since.

While this leaves open the potential for a spike low in the near term, the overall outlook – in Gold – is for an evolving advance into Nov./Dec. 2018.  That was corroborated by a multi-month peak in  late-Jan. – perpetuating an 18 – 20 week low-high-high-(high), 27 – 29 week high-low-low-low-low-(high) AND a 55 – 59 week low-low-low-(high) Cycle Progression – converging in late-Jan. ’18.

The 18 – 20 week cycle could produce subsequent highs in June & late-Nov. ‘18

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The XAU plummeted after fulfilling analysis for a 1 – 2 month surge into late-Jan. and up to 92.87 – 93.06 (it peaked at 92.94/XAU).  It, too, turned its intra-year trend down and would not neutralize that until a weekly close above 84.57/XAU.  Until that occurs, the 1 – 2 month trend is down.

Platinum turned its weekly trend down, altering the near-term outlook and removing any remaining intermediate support.  It is also turning its intra-year trend down, an additional negative factor.  This could trigger an overall decline into early-May.

Palladium turned its intra-year trend down in early-Feb. – signaling the completion of a 2-year advance from its mid-Jan. 2016 bottom.  That fulfilled cycles projecting a multi-quarter high in 1Q 2018 and was validated with the weekly trend also turning down.

The intermediate outlook is still for an initial drop to ~910.0/PA – the level of its previous high.  A 9-week low-low-low-(low) Cycle Progression and a 6-week high-high-(low) Cycle Progression converge on April 9 – 13 and could time a low.

Copper remains in an intra-year downtrend and turned its weekly trend down, shortly after turning its weekly 21 MAC down.  That is the most convincing sign yet that a major ‘5’ wave peak is intact and a multi-quarter correction is underway.

Copper dropped right to its 6 – 12 month ’4th wave of lesser degree’ support (~2.9300/HGK) and would need to give a weekly close below that to elevate this decline to the next higher magnitude.”


Precious Metals (including Gold, Silver, the XAU, Platinum & Palladium and even Copper) all fulfilled projected surges into mid-to-late-Jan. ’18 – when weekly, monthly & quarterly cycles projected a multi-month or multi-quarter peak.  At that time, metals also fulfilled upside price targets with uncanny accuracy.  The XAU surged precisely to – and peaked at – its multi-month upside price target at 92.87 – 93.06 while Gold acted similarly in reaching and holding its multi-month upside target (~1365/GCG).

This fulfillment of decisive multi-month upside price AND time targets set the stage for a new decline to take hold in Feb. 2018 – when, along with Copper, weekly & monthly cycles turn back down (Palladium had yearly cycles turning down in Feb. 2018 and quickly validated them).

Those early-2018 peaks reinforced future cycle highs in Nov./Dec. 2018.  In the interim, metals are providing diverse times for potential, intermediate lows with Palladium poised to bottom on April 9 – 13 as Platinum remains negative into (at least) early-May.  Gold maintains a noteworthy convergence of weekly cycles on May 14 – 18 (+ or – 1 week) that could also impact what to expect in June – Nov/Dec 2018.

See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies (and for multiple charts & diagrams illustrating the 2018 outlook for Gold).