Gold Stocks (XAU) Fulfill Early-Sept. ’18 Cycle Lows; New Advance – into 2021 – Could Follow!
Gold Stocks (XAU) Fulfill Early-Sept. ’18 Cycle Lows; New Advance – into 2021 – Could Follow!
09/18/18 The Bridge – Metals & Miners: What’s Ahead?: “Geometry in the XAU
The Aug. 3, 2018 Weekly Re-Lay Alert recapped a lot of what has been forecast for the XAU – leading into a projected drop to 54 – 59.00 and a 6 – 12 month cycle low in/around Aug. 2018. The recent, early-Sept. spike low reinforces that and fulfills some intermediate, geometric cycles as well.
The accompanying 3-month/90-degree Cycle Progression diagram is reprinted from the March 2018 INSIIDE Track, detailing why a 1 – 2 month low was expected in early-March.
The two subsequent phases of that ~90-degree cycle should also produce lows – in early-June and early-Sept. 2018, before the cycle likely inverts and leads to an early-Dec. 2018 (1 – 2 month) high.
A low in early-Sept. 2018 would also fulfill an over-arching ~180-degree high (Sept. ‘16) – low (Mar. ‘17) – high (Sept. ‘17) – low (Mar. ‘18) – low (Sept. ‘18) Cycle Sequence AND a larger-degree ~360-degree high (Sept. ‘16) – high (Sept. ‘17) – low (Sept. ‘18) Cycle Progression.
With the higher-magnitude 30 – 34 month Cycle Progression averaging 32 months, a Sept. 2018 low would arrive 32 months from the Jan. 2016 bottom. So, there is a strong argument that the XAU could be producing an intermediate bottom in early-Sept.
The XAU is poised to turn its daily trend up, validating that potential. Considering that the XAU has fulfilled about 95% of the downside that has been expected of it, a bottom could form at any time. The action in the other metals could help filter that.
Long-term cycles could produce the next multi-year peak in late-2020/early-2021. The greatest synergy of cycles occurs in 4Q 2020. That includes a recurring ~5-year cycle that dates back to early-1996 and late-2000. It would also fulfill a ~10-year low (4Q ‘00)- high (4Q ‘10) – high (4Q ‘20) Cycle Progression.”
Precious Metals reinforcing time for a sequence of 1 – 2 year lows in Aug. – Nov. 2018. Gold & Palladium provided the first bottoms in Aug. ’18 (with Gold fulfilling its ~27-week cycle and holding pivotal support) and ushered in this transition period. After Nov. ’18, it should trigger a bullish period in precious metals – leading into late-Feb./early-Mar. ’19 (the next phase of Gold’s 27 – 29 week & 55 – 59 week cycles).
Gold stocks (XAU) are now following suit and preparing for a similar major bottom as they attack 1 – 2 year downside price targets and fulfill monthly & weekly cycle lows that portend a (minimum) 6 – 12 month bottom in early-Sept. ‘18. That is setting the stage for a major advance that could last into late-2020/early-2021. See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.