Gold, Silver & XAU Peak
03/22/16 INSIIDE Track Update: “Gold & Silver have entered what is expected to be a volatile period – extending into late-April/early-May – with an important low expected on April 4–8th or April 11–15th. [See March 2016 INSIIDE Track for related charts & analysis.]…Both metals are showing signs of a ‘5th’ wave top (of an initial ‘1’ or ‘I’ wave higher).
Gold spiked to new highs on March 11th – perpetuating a 27–29 day low-low-high-(high) Cycle Progression, even as Silver waited to spike to new highs on March 17th & 18th. However, Silver did NOT give a weekly close above 1600.5/ SIK…This could set the stage for a quick, sharp correction in the coming weeks… particularly if Gold drops below xxxx/GCJ by/onMarch 31st. [Specific target levels & trading strategies reserved for subscribers only]…
The XAU has surged since intermediate cycles bottomed on Jan. 19th. It is expected to set a secondary low around April 16–19th and could soon enter an intervening pullback after testing key resistance levels.
The ideal setup for an intermediate peak was if it took hold on March 16–18th, setting the stage for a 50% retracement in time – leading into April 16–19th (~2 months up/~1 month down). That could be unfolding now with its intraday peak on March 17th.” TRADING INVOLVES SUBSTANTIAL RISK! See Hypothetical Disclaimer.
Gold, Silver & the XAU have set a sequence of highs and have just entered an intermediate bearish phase when a 2–4 week correction is projected. Watch March 23–31st for additional downside confirmation! Mid-April 2016 ushers in an extremely precarious period, linked to the Date of Aggression & 40-Year War & Peace Cycles that ushered in a tumultuous, multi-year period in April 2015 (which should accelerate into 2021).