Gold Trading: Gold & Silver Portend Accelerated Surges; XAU Targeting Rally to New Multi-Year Highs! Watch Early-Jan. 2020.
12/19/19 INSIIDE Track Update: “Gold & Silver triggered new (short-term) buy signals following their Dec. 10 daily cycle lows and have the potential for an additional surge… This comes after Silver spiked to a new low last week – fulfilling its weekly trend pattern and the potential for a contrasting intermediate bottom on Dec. 9 – 13 – perpetuating a 28-week low-low-low-(low) and a 7-week high-high-(low) Cycle Progression…
The XAU pulled back to weekly support (97.61 – 98.23/XAU) earlier this week and quickly turned back up, generating a daily 2 Close Reversal higher.
That reinforces the 1 – 2 week outlook for a new rally into Dec. 20 – 24 (from Dec. 10) and back to xxx.xx/XAU as its minimum upside objective. This past two weeks’ price action shows that could include a spike above 104.00/XAU in the near term.”
Gold & Silver building upside momentum as daily 21 MARC indicator turning back to positive for next 1 – 2 weeks. That increases the likelihood for an additional, accelerated surge in the coming week(s). Watch early-Jan. ’20 – when multiple weekly cycles converge – for most revealing action and critical clues for 1Q 2020.
What are ramifications of Gold & Silver’s latest (bullish) signals?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.