Silver Daily Trend Projects Rally.
Silver Daily Trend Projects Rally.
04/12/18 INSIIDE Track Intra-month Update:
“Gold & Silver are fulfilling the potential for a new advance after daily cycles bottomed on April 5/6 and multiple indicators began to turn positive. Both metals initially turned their intra-month trends up as Gold also turned its daily trend up (Silver never turned its daily trend down) while surging & attacking multi-year resistance at 1370 – 1378/GC.
That triggered a quick pullback (a 1 – 3 day correction usually occurs right after a daily trend turns up) with both metals testing and holding their daily HLS levels today. That should create a secondary (higher) low in the coming day(s). As long as the April 5/6 lows hold, Gold & Silver are expected to move higher into early-May.
In the interim, Gold would be most bullish if it [reserved for subscribers]…
1 – 3 month IT Update traders could have entered long positions in Gold (metal, futures or related vehicles) at an avg. of about 1320/GCM and should adjust the risk level [reserved for subscribers]. TRADING INVOLVES SUBSTANTIAL RISK!
The XAU is increasing the likelihood for a future high on April 16 – 18 – the next phase of a 21 – 24 day/14 – 16 trading day Cycle Progression.
It turned its weekly 21 MAC back up – validating daily & weekly trend patterns projecting a new rally.”
Silver’s daily trend structure reinforces the 2 – 4 week outlook for an April surge in line with daily & weekly cycles, the weekly 21 MARC, its intra-month trend, daily trend & weekly trend. It is in a position to see a sharp rally from April 9 intoApril 18 and ultimately into early-May – overlapping the Week of Aggression (April 12 – 19) and Date of Aggression (April 19).
Gold is similarly bullish but Silver’s cycles & indicators are set up to trigger an accelerated advance in the near future (see April 7 Weekly Re-Lay) – as part of the culmination of projected multi-month advances into May 2018. That could allow it to make up some ground on Gold – the metal that has been leading most of the rallies in the past two years. Specific confirmation levels and price targets are and will be provided on an ongoing basis. See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.