Gold & Silver Validate Sept. 11th Cycle Low
Gold Attacks Textbook Support & Holds.
Surge into Sept. 24th Expected!
09/12/15 Weekly Re-Lay: “Gold & Silver are locked in a ~2-month congestion range after setting new multi-year lows in late-July and then rallying to their January (& year-opening) lows – support turned into resistance – where initial highs were expected…Gold set its peak on Aug. 24th, ~30 degrees from its July 24th low and the culmination of a daily Cycle Progression. That ~30-degree low-high Cycle Progression projects a subsequent high (low-high-high) for ~Sept. 24th.
That is in synch with the potential for Gold to set an intermediate peak on Sept. 14–25th – perpetuating a ~4-month/17–18 week high-high-(high)Cycle Progression. If Gold extends this rebound into Sept. 21–25th, it would also complete successive 9-week/~60-degree rebounds…
If a peak is set in September, it could usher in [reserved for subscribers] and set the stage for Precious Metals’ cycles to turn positive in 2016 – The Golden Year. That also dovetails with analysis for several commodities to bottom in Nov./Dec. 2015.
The XAU spiked to a new low on Sept. 11th, fulfilling its weekly trend pattern and perpetuating the same 6–7 trading-day cycle that also projected a low in Gold for Sept. 11th. A bounce into Sept. 24th or 25th is possible…
Silver has managed to keep its intra-month trend neutral, despite spiking to new 2-week lows…Both were expected to set secondary lows on Sept. 10th or 11th – with Gold perpetuating a 6–7 trading-day high-high-(low) Cycle Progression that last timed the Sept. 1st high…
1-2 year+ traders & investors should have entered partial long (cash) positions in late-July/ early-August and should risk a weekly close below the lows.” TRADING INVOLVES SUBSTANTIAL RISK! [See 9/12/15 Weekly Re-Lay for additional details & specifics.]
2016 is Next Phase of 17-Year Cycle in Gold; 1982 & 1999 ushered in Strong Advances. See 2016 – The Golden Year Reports for expectations for2016–2018.