Gold & Silver Signal New Surges in Aug. ‘19! Multi-Month Peak Expected to Follow… How High Could Gold, Silver & XAU Climb??
08/06/19 The Bridge: “Aug. 1 – 5 Signals:
The action of Aug. 1 & 2, in Gold, Silver and the XAU, has signaled another phase of an unfolding bull market that was/is expected to last from Aug./Sept. ‘18 into late-2020 or even early-2021.
After consolidating for over 5 weeks, Gold spiked to its lowest level in over three weeks and held a critical level of ascending support (daily 21 Low MAC) while failing to turn its daily trend down, even as Silver is holding its ascending daily 21 High MAC.
This portends a rally to new highs in Gold… Monday’s close in Gold, above its July 19 high, came on the heels of the latest daily trend signal and indicated the end of two overlapping corrections (one from the June 25 high and a second from the July 19 high) and the entry into a new up phase.
The action of 2 – 3 trading days ushered in an abrupt shift in Gold’s evolving uptrend, indicating it would not be producing any larger-magnitude corrections until after another rally. More on that to follow…
The XAU was forecast to surge into Aug. ’19 (as part of an overall advance into late-2020 and up to 140.0 or higher). Silver & Platinum also forecast new multi-month rallies into Aug. ‘19… So as not to lose the forest for the trees, it is critical to view this in the overall context of the powerful advance projected to begin in 3Q ’18 and last into late-2020/early-2021.”
Gold finally signals completion of multi-week consolidation and projects new surge in Aug. ’19… as stocks are confirming ‘August 2019 Plunge Cycles’. Gold’s May 31 monthly buy signal (projecting 2 – 3 month surge) still intact. Silver, Platinum & XAU concur, with rallies projected to last into/through Aug. ’19. XAU monthly trend signal is critical, with focus on Aug. 30.
When is Next Intermediate Peak Most Likely?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.