Gold & Silver Validate Oct 6 Low;

Gold & Silver Validate Oct 6 Low;
XAU Could Still Trend Lower…
Early-Nov = Pivotal Time.

 

10/18/17 Weekly Re-Lay Alert:

 

“Gold & Silver are adhering to daily & weekly cycles, dropping into Oct. 5 – 6 (perpetuating a 12-week high-low-(low) Cycle Progression & a 50% correction in time), then rallying into Oct. 13/16 before retracing to weekly support & the month-opening ranges since the Oct. 16 peaks…

The XAU (& HUI) continues to show more relative weakness than Gold or Silver, reversing its daily trend down while neutralizing its intra-month uptrend and dropping far enough to prevent the daily 21 MAC from turning up.

This is likely to maintain (negative) pressure on gold stocks and ultimately drive them to new 2 – 3 month lows leading into Nov. 2017 – when monthly cycles converge.”

 

Gold & Silver fulfill analysis for quick surge into Oct. 13 – 16 followed by spike high & reversal lower.  ‘2’ wave pullback should coincide with XAU dropping to new multi-month lows, leading into first half of Nov. 2017 – when another divergent bottom is most likely (new low in XAU, higher low in Gold & Silver), ushering in time for next leg up.  3 of 3 of 3 leg advance steadily developing in Gold.  Multi-month buy signal triggered in Gold on Oct. 2 – 6; see Oct. 2017 INSIIDE Trackfor details & strategy.

 

See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.