Gold, Silver & XAU Fulfill July 10th Cycle Low
07/12/17 Weekly Re-Lay:
“Gold & Silver fulfilled their latest expectation, setting a spike low on July 10th, the latest phase of a ~2-month/60-degreee low (March 10)–low (May 9)–low Cycle Progression. That low also perpetuated a 17–19 day high-high-high-(low) Cycle Progression in Gold and arrived at the midpoint of the 20-week high-low-low-(low) Cycle Progression in Silver.
Gold & Silver both reached the convergence of multiple weekly HLS projections (1199.2–1213/GCQ & 1534.5–1573.5/SIU), fulfilling intra-week extreme downside targets and reinforcing the likelihood for an initial low on/around July 10th. The weekly trend patterns also corroborated that analysis.
Gold & Silver have set an initial (1–2 or 2–4 week) bottom & could rebound into the latest phase of the 7-week high-high-high-(high) Cycle Progression that precisely timed the early-June peak & reversal lower. That comes back into play on [reserved for subscribers].
The XAU fulfilled projections for a drop into July 10th followed by a bounce into July 17th/18th – the next phase of a 20-21 day high-high-high Cycle Progression when a lower high has been anticipated. The daily & intra-month trends have reinforced that outlook.
If the XAU is able to follow that short-term scenario, it would increase the potential for a subsequent drop into ~August 7–8th – the ensuing phase of that 20–21 day cycle AND the convergence of weekly cycles when an intermediate bottom is most likely.”
Gold, Silver & XAU perfectly fulfill projections for sharp drop into cycle lows on July 10th. Gold & Silver bottom in precise lockstep with monthly support AND extreme downside targets (weekly HLS levels at 1199.2–1213/GCQ & 1534.5–1573.5/SIU). Developing rally could surge to key upside targets in short period of time…
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