Gold, Silver & XAU Spike Higher into April 18/19.
Gold, Silver & XAU Spike Higher into April 18/19.
04/21/18 Weekly Re-Lay:
“Gold & Silver are in different stages of fulfilling the potential for a new ~4-week advance… Gold was the first to surge, rallying back to its January (and Sept. ’17) highs where some selling emerged.
At the same time, however, Silver was just beginning to enter a 4-week period (April 9 – May 7) when an accelerated advance was increasingly likely. The first part of that – along with the XAU – was a projected rally into April 18. That has just taken place…
Meanwhile, Gold did not fare as well this past week It traded mostly sideways – in an inside week (high below previous week’s high and low above previous week’s low) – while maintaining its daily & weekly uptrends.
Gold is entering a vulnerable period when its daily 21 MAC could turn down…
The XAU fulfilled projections for a rally into April 16 – 18 – the latest phase of a 21 – 24 day/14 – 16 trading day Cycle Progression that recently timed the March 26 high. It retested its mid-Feb. high (where weekly & monthly resistance converged) and initially pulled back.
Similar to Silver, the XAU entered a bullish period in early-April and has just validated that – [reserved for subscribers]”
Gold, Silver & XAU surged leading into Week of Aggression (April 12 – 19) and spiked higher into the Date of Aggression (April 19) – fulfilling technical indicators & cycles that projected a near-term surge into April 18. Gold is entering a vulnerable period, as it begins to shift focus to May 14 – 18 – a convergence of weekly cycles in Gold. See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.