Gold Rally: Overall Advance into Feb 21 – 25 Projected; ~1920/GC = Initial Target
01/22/22 Weekly Re-Lay – “Gold & Silver broke out to the upside after consolidating long enough below the Jan 3 – 5 highs to validate the 7-week low-low-high-high Cycle Progression that timed that peak (and projects another in Feb). Both metals rallied enough to close the week above their upwardly-reversing weekly 21 High MACs as Silver re-entered its weekly uptrend for the first time since mid-Nov ‘21.
That is in sync with analysis for Silver to set a series of highs – first on Jan 3 – 5, then Jan 31 – Feb 4 and then on Feb 21 – 25… The Jan 7/10 lows corroborated that with a ~3-week low-low Cycle Progression that projects a subsequent rally into Jan 31 – Feb 4 (and then a 3-week high – high into Feb. 21 – 25).
That is what initially took hold this past week and is likely to continue in the coming week. Silver just attacked its weekly LHR (24.74/SIH), fulfilling one aspect of this outlook and validating the potential for an intermediate peak…
On a broader basis, Gold’s overall advance – from the Dec 15 low – could approach its early-June ’21 peak (~1920.0/GC; also range-trading resistance) by late-Feb. Since the early-Aug ’21 intraday low, Gold has had two intermediate rallies with magnitudes of ~160.0/GCG each (2 xs its ~80.0/GC trading ranges).
A third rally of ~160.0/GCG – from the Dec 15 low of 1753.0/GCG – projects a surge to ~1913.0/ GCG… just below its 1920.0/GC trading range extreme… a rally into a more significant top on Feb. 21 – 28, ’22 – perpetuating that ~7-week low-low-high-high-(high) Cycle Progression and overlapping the time when a 17 – 18 month high (Aug/Sept ’17) – high (Feb ’19) – high (Aug ’20) – high (Feb ’22) Cycle Progression portends a larger-magnitude peak.
In the coming week, Gold maintains the potential for [reserved for subscribers]…
The XAU & HUI are moving similar to Gold & Silver and expected to set future peaks in late-Jan and Feb 21 – 28. They rallied sharply into Jan 5 – fulfilling daily & weekly cycle highs – and portending a brief pullback.
After peaking in early-Jan, they corrected far enough and long enough to neutralize their daily uptrends but not turn them down. That signaled a secondary bottom and projected a rally to new intra-month highs, which has been unfolding ever since…
Platinum & Palladium are reinforcing bullish signals from mid-Dec and are fulfilling projections for surges into late-Jan/early-Feb. Both rallied above and closed above their weekly 21 High MACs, reinforcing this outlook and confirming that multi-month bottoms are intact. As explained in recent months, these could be 6 – 12 month or even 1 – 2 year lows in these metals.”
Gold & Silver remain on track for an overall surge into Feb 21 – 28 and to at least 1913 – 1920/GC. Since that would only match previous rallies, and Gold is perceived to be in a higher magnitude advance, it should ultimately exceed 1920/GC and validate the overall outlook for 2022.
Platinum & Palladium fulfilled major downside objectives in Dec ‘21 and are signaling 6 – 12 month bottoms and the onset of new multi-month advances… as Copper is fulfilling multi-year upside objectives (and could peak in 1Q ’22).
What is Significance of Feb 21 – 25 Cycles in Gold… and Why Should Metals Spike Up into That Time Frame?
Will Gold Reach/Exceed 1920/GC by/in Late-Feb ’22? What about cycles in April & Sept ’22??
How Does US Dollar Fit into Equation?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.