Gold Trading; April 18/19 Set for Decisive Peak (in Equities, Too).
04/13/22 Weekly Re-Lay Alert – “Gold & Silver have consolidated after surging into March 7 – 11, when a multi-week peak was expected, and then correcting sharply in the week that followed.
With its early-March peak, Gold fulfilled an 11 – 12 week high-low-low-high Cycle Sequence and a 6-week low-low-(high) Cycle Progression as Silver completed successive advances of equal duration.
That was/is expected to lead to a subsequent peak around April 18/19 (the Date of Aggression and the culmination of the first ‘month’ of the new Natural Year) – the next phase of the 41 – 42 day low-low-high-(high) Cycle Progression that helped pinpoint the March 8 high in Gold. (The overall 6-week low-low-high-(high) Cycle Progression focuses on April 18 – 22 for a high.) The late-March spike lows reinforced that and projected new 2 – 3 week rallies.”
Gold, Silver & XAU/HUI Indexes are projecting new rallies into April 18/19 – when Gold cycles portend the next multi-week peak. Mining shares have been relatively stronger than metals and rallied to higher highs. The overall equity market portends a peak near the same time – ideally on April 19 – 21. Along with the overall stock markets, metals will enter a dangerous time on/after the Date of Aggression (April 19/20) – when equities are poised to suffer an abrupt sell-off.
What Would April 18/19 Peak Mean for Metals in 2Q/3Q ‘22?
Why Are Equities Also Forecast to Set a Peak in Coming Week?
How Could Solar & Seismic Cycles Impact Metals in 2022/2023??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.