Gold, Silver & XAU Buy Signals Project Accelerated Surges in March & April ‘24!
02-29-24 – “Gold, Silver & Early-March Cycles.
Gold on Verge of Upside Breakout! Watch early-March 2024!!
“Gold remains in the upper extremes of its 1 – 2 year uptrend, 3 – 5 year trading range and 8 – 10 year uptrend on the verge of an upside breakout… potentially soon.”
“…sharp rally from mid-February into early-March… 2024 is set up to repeat that cycle/pattern!” –2-24-24 Weekly Re-Lay
A Coiling Spring…
Gold closed the week back in its weekly uptrend (after neutralizing it multiple times but not turning it down… a potentially bullish configuration) and could complete an Intra-Month V Reversal higher… That bullish reversal pattern is created when a market sets an initial intra-month high at the start of the month, then drops into mid-month, then rallies to a new intra-month high at the end of the month.
That reinforces the outlook for a new rally and the fact Gold remains in the upper extremes of its 1 – 2 year uptrend, 3 – 5 year trading range and 8 – 10 year uptrend on the verge of an upside breakout in 2024… potentially soon. (The GLD ETF concurs and is projecting a multi-week surge to ~210.)…
Silver remains under the positive influence of its outside-week/2 Close Reversal higher – reinforcing the outlook for a multi-month rally into [reserved for subscribers] (and potentially longer)… Due to the position of its plunging but inversely-correlated weekly 21 MARC, Silver is likely to turn its weekly 21 MAC up in the coming week…
Silver would generate an exponentially more powerful signal and could trigger a quick surge to ~xx.xx/SIK (weekly LHRs) and potentially to its Dec. ’23 high.
Gold & Silver are expected to move higher, on balance, into [reserved for subscribers] and ultimately into [reserved for subscribers] – the next phase of a ~7-month/~30-week high-high-high-(high) Cycle Progression. The ~3.5-month/~15-week midpoint comes into play in late-March ’24 and should also be monitored.
1 – 3 month & 3 – 6 month traders and investors can be entering/adding to long positions in Gold & Silver at 2000 – 2030/GCJ & 22.50 – 23.50/SIK… TRADING INVOLVES SUBSTANTIAL RISK
The XAU & HUI remain corrective after fulfilling the outlook for a 4Q ’23 rally to 130 – 133/XAU & 251 – 254/HUI. That peak projected a future multi-month high in April/May 2024… and a long consolidation in between. A second multi-week rally is now poised to begin.
The monthly 21 MACs & 21 MARCs turn more favorable in March/April 2024 so a new 2 – 3 month rally could begin at any time. They initially bottomed after matching the magnitude of their previous (July – Oct ’23) declines, reinforcing that potential.
A rally into month-end, even if it does not exceed the early-month highs, would provide a bullish signal for a multi-week rally. An ~11-week high-high-low-high-(high) and corresponding ~5.5-week high-high-(high) Cycle Progression project the next high on [reserved for subscribers].
1 – 3 month traders & investors can enter long positions in related instruments (ETFs, stocks, etc.) and risk/exit on a weekly close below 102.30/XAU.” TRADING INVOLVES SUBSTANTIAL RISK
Gold & Silver are entering the time (late-February/early-March 2024) when a new surge is very likely to unfold. That is the latest phase of a projected multi-year advance that began when multi-year cycles bottomed (September/October 2022)…
Outlook 2022/23: A New Currency War Begins
In recent weeks – after signaling intermediate bottoms in mid-February 2024 – Gold & Silver triggered additional buy signals, providing the ideal opportunity for traders/investors to enter or add to long positions. That should trigger a sharp rally in early-March – a repeat of what has been seen in line with its 2-Year Cycle.
On February 23, 2024, the XAU & HUI Indexes triggered similar buy signals – anticipating a time (beginning in early-March 2024) when several indicators will turn more favorable.
It is important to understand the context of this analysis – on a 1 – 2 month basis, a 1 – 2 year basis, and even a 1 – 2 decade basis. To start with, Gold was forecast to set a major bottom in late-2015, enter the ‘Golden Year’ in 2016, and undergo an initial 4 – 5 year advance into late-2020/early-2021 (the first phase of a larger, overall advance as the Dollar loses its value basis Gold).
That was projected to usher in a multi-year corrective phase, leading into a major (multi-year) low in September/October 2022 – the recurrence of an uncanny 7-Year Cycle in Gold AND the US Dollar…
2016: The Golden Year – A New Golden Age?
2016: The Golden Year II – 2015 Cycle Low
That projection was also detailed in a 2016 book – Breakthrough Strategies of Wall Street Traders – an interview looking to find out more about our unique trading indicators and the outlook for Gold to surge in 2016 – 2021 as the first phase of a new major bull market in Gold (with the second major phase forecast to unfold in late-2022 – late-2025)…
40YC & Currency War: Breakthrough Strategies
Gold bottomed in late-2015, entered the ‘Golden Year’ in 2016, and underwent an initial 4 – 5 year advance into late-2020/early-2021… just as described months and years before the fact.
90/10 Rule…
The key is knowing when to expect the big moves in these markets… and being able to ‘Seize the Day’!
Often Gold & Silver, or Bitcoin & cryptos, will consolidate for months – setting the stage for an abrupt, sharp multi-week surge. The same is true of other markets.
There are a few key indicators that help pinpoint those times in the markets. They helped pinpoint the exact time for a ~2-month surge in Gold in March – May 2023…
Cycles in Action: Gold Cycles – The (Trading) Golden Rule
…And a subsequent Gold surge that was forecast to peak exactly when and where it ultimately did (in early-December 2023)…
Solar, Seismic & Gold Intensity Cycles
The mid-February 2024 lows in Gold & Silver ushered in another of those opportunities that should spur a sharp rally in the final week of February 2024 and the opening week(s) of March 2024.
Already, cycles are pinpointing the specific time for a future peak… which is vitally crucial information for traders.
Specific analysis, targets, cycles & projections will continue to be published in related Weekly Re-Lay & INSIIDE Track publications.”
Gold & Silver are confirming their mid-February ’24 lows – set during the ideal time and place for a low to take hold and a new advance begin… that should accelerate higher in March 2024. An overall (intermediate) advance is projected to take Gold to new all-time highs and up to synergistic wave objectives.
The action since late-2022 is powerfully validating the onset of a new 40-Year Cycle of Currency War in which Gold & Silver possess unique potential for late-2023 – late-2024! This should have a dramatic impact on the US Dollar in 2024/2025. March 2024 could provide the next corroboration to that outlook.
Gold is acting as the ‘Canary in the Coal Mine’… portending (likely) increasing tensions in Middle East.
Related cycles reinforce the likelihood for escalation of Middle East War Cycles in 2024 – with a new escalation of Iran vs Israel conflict likely to spur gains in Gold & Silver. Watch the first month of the Natural Year – from ~March 20 into April 19/20 – as the most likely time for escalation of tensions in the Middle East. (The March 2024 INSIIDE Track will elaborate.)
A 180-degree move from the October 7, 2023 attack on Israel arrives in early-April ’23… a cyclically likely time for a new attack of some form.
How Does Gold Outlook Portend Related Shocks in Other Key Markets??
Refer to the April 11, 2023 special issue of The Bridge – Gold, Silver and Elliott Wave Structure – and subsequent reports – for expanded analysis and charts as well as discussion on why, how & when Gold is most likely to break out to the upside (in 2024) following a multi-year ‘flat correction’.
The Bridge: Gold, Silver and Elliott Wave Structure
40-Year Cycle – Dollar Dominion Dilemma & Demise
40-Year Cycle – Currency Wars & Cryptos
Solar, Seismic & Gold Intensity Cycles
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.