Gold Triggers New Long Positions in Anticipation for May/June Surge. How High Could (Projected) Advance into June/July Reach?
Gold Triggers New Long Positions in Anticipation for May/June Surge. How High Could (Projected) Advance into June/July Reach?.
04/30/19 INSIIDE Track: “Gold & Silver remain on track for a multi-year advance from 1 – 2 year cyclic lows (in Aug. – Nov. ’18) into late-2020/early-2021. As detailed in the Feb. 20, 2019 INSIIDE Track Report: Gold & Silver 2019 – Cycle Crescendo?, an uncanny 55 – 59 week cycle – that previously pinpointed the late-Jan. ’18 peaks – was projected to time a multi-month peak in late-Feb./early-March.
Gold & Silver surged into Feb. 19 – 22, fulfilling weekly & monthly cycles while attacking decisive (extreme) resistance levels and upside targets – the culmination of their initial 3 – 6 month uptrends. That was projected to usher in a much sharper correction with Gold dropping to 1270.0/GC & Silver very likely to drop below 15.000/SI, potentially below 14.350/SI.
Two of three have been fulfilled with Gold spiking down to 1267.9/GCM on April 23 (producing its lowest weekly close in sync with the Date of Aggression and Week of Aggression) and triggering new long positions.
That reinforces expectations for a new rally to begin in the second half of April and last into June/July ‘19 – the next phase of a 17 – 18 month high-high cycle that has timed five successive highs, including the July ‘16 & Jan, ‘18 peaks.
The action of Gold’s weekly trend, during May and early-June, should help mold expectations for the next peak and where it is most likely.
3 – 6 month & 6 – 12 month traders & investors, after exiting long positions in late-Feb. w/avg. gains of about $11,500/contract, can be re-entering long positions (futures, cash, ETFs, etc.) when the June futures are trading at 1274.5 down to 1256.5. Risk/exit on a weekly close below [reserved for subscribers]. TRADING INVOLVES SUBSTANTIAL RISK!
3 – 6 month & 6 – 12 month traders & investors could have exited long positions in Silver w/avg. overall gains of about $6,300/contract (in futures). Hold off on re-entering long positions at this time…
Similar to Gold, the XAU is expected to see a new advance into 3Q 2019. The greatest synergy of cycles emerges in July/Aug. ‘19 and would fulfill a 17 – 18 month high-high-high-high-(high) AND a ~9-month high-high-high-high-(high) Cycle Progression.
It would also fulfill a ~36-month high (Aug. ’13) – high (July/Aug. ’16) – (high) Cycle Progression and complete a 3.5-year advance (1/2 of a 7-year cycle) from the Jan. 2016 bottom. It could also perpetuate an 18 – 20 week high – high cycle that has timed six consecutive intermediate highs since April ‘17.” TRADING INVOLVES SUBSTANTIAL RISK!
Gold is projecting a new multi-month advance as Silver remains the ‘weaker sister’ and could spike as low as 14.350/SI before bottoming. 3 – 6 month Gold traders were just triggered back into long positions (exited near the late-Feb. peak) in preparation for a new rally into June/July 2019. A bottoming phase should now unfold, with cycles expected to turn more decidedly bullish leading into late-May/early-June – when the weekly trend pattern should be decisive.
Is Gold corroborating Month of Aggression suspicions?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.