Gold & Silver Fulfill March 8 Buy Signal… End of Bullish Cycle.
https://40yearcycle.com/
On April 12, 2023… updating the details on the March 8 buy signal and reiterating why the resulting advance should stretch into early-May ‘23 (May 3 – 5 is precise cycle objective, detailed back then). The published upside price target was 2060 – 2080/GC.
https://40yearcycle.com/
the April 11, 2023 issue of The Bridge – Gold, Silver & Elliott Wave (a special, value-added publication for Weekly Re-Lay subscribers only) delved into many aspects of that analysis and what a (then-future) peak on May 3 – 5 ’23 and near 2080/GC would mean for Gold & Silver…
https://40yearcycle.com/
https://40yearcycle.com/
https://40yearcycle.com/
https://40yearcycle.com/
https://40yearcycle.com/
… a decisive peak is becoming MUCH more likely, Gold & Silver are on the cusp of entering an entirely different phase of their 2023/2024 outlook. That is occurring as the Dollar, Bitcoin, Euro, Bonds, Crude Oil AND Stock Indices are on the verge of entering new trends.”
Gold & Silver have reached multi-month upside targets while fulfilling ongoing projections for a second advance to begin in early-March ‘23 and last into May 3 – 5, ’23, when the next intermediate high was forecast. Precious Metals fulfilled this with uncanny precision and are now poised for sharp sell-offs in May ‘23… ultimately lasting into mid-to-late-Aug ’23, when the next multi-month bottom is expected.
The XAU & HUI are similar and projected a strong rally to new intra-year highs (into early-May ’23), with upside price targets now fulfilled. A retest of those targets was seen during early-May ’23 cycle highs and now ushers in the time for a multi-week drop.
How High Could Gold & Silver (&XAU) Reach in 2023?
Is a New MAJOR Bull Market Unfolding… or Just a Comparable Advance??
Will the Outlook for Bonds (Bottom in ~March ’23) & Interest Rates Concur?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.