Gold Trading; April 18/19 Set for Decisive Peak!
04/16/22 Weekly Re-Lay – “Gold would perpetuate a ~22 – 23 week high-high-high-high Cycle Progression if it sets another 1 – 3 month high on April 18 – 29, ’22. That 5 – 5.5-month cycle has timed 6 consecutive highs and could time a 7th with a peak in late-April…
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 – 4 week rallies. Gold & Silver are set up for spike highs in April…
Silver’s price action is reinforcing the overall outlook as it dropped back to its rising weekly 21 High MAC on four consecutive weeks, without ever giving a weekly close below that average. Over the course of the next 4 weeks, the inversely-correlated weekly 21 MARC will plunge – providing support for the corresponding weekly 21 MAC to rally.
Gold & Silver turned their intra-month trends up while reinforcing their intra-year & weekly uptrends and re-entering their daily uptrends. That reinforces the overall outlook for rallies from mid-March into April 18 – 22.
Price action remains the most important factor that should help determine when a top is most likely [reserved for subscribers]…
The XAU & HUI remain relatively stronger and on track for an overall advance into April 18 – 25… From a broader perspective, the XAU & HUI have entered the next phase of a 29 – 31 week high-high-low-low-(high) Cycle Sequence that has helped time most of the primary 3 – 6 month turning points of the past three years…
Copper is reinforcing signs of a multi-month peak after topping in line with a 21 – 22-week high-high-high-high-high Cycle Progression in early-March while fulfilling its ~2-year outlook.”
Gold, Silver & XAU/HUI Indexes are fulfilling expectations for new rallies (from mid-March) into April 18/19 – when Gold cycles portend the next multi-week peak. The overall equity market portends a peak near the same time – ideally on April 19 – 21 – ushering in an intriguing and tenuous period in the markets. 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 Days?
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.