Gold Cycles & Trading: When is Likely Time for Next Peak in Gold? When Should Next Surge Take Hold??
07/27/19 Weekly Re-Lay: “Gold & Silver are showing mild divergence as Silver surged to new highs while Gold remained below its July 19 peak. Gold has still not closed above its June 25 high, signaling [reserved for subscribers]…
The timing of a pullback low should help hone this price analysis with the ascending weekly 21 High MAC providing a potential target before a pullback low is likely to take hold. That 21 High MAC should be around xxxx.x/GCQ on Aug. 5 – 9 and continue to advance…
Its July 19, ’19 peak also perpetuated a ~7-week cycle that has been in play since before the Aug. ’18 bottom – and projected the latest high for July 15 – 22. On a short-term basis, Gold fulfilled the latest phase of a 6 trading-day (& 12 trading-day) cycle and its equivalent 8 calendar-day low (6/17) – high (6/25) – high (7/03) – high (7/11) – high (July 19) Cycle Progression.
More than anything, it shows that the recent highs in Gold could hold for 1 – 2 months, even though the intervening correction might only last for a few weeks (since a subsequent rally might not break out to new highs for several more weeks after that).”
Gold remains in multi-week consolidation under pressure from June/July ’19 cycles. August ’19 should usher in new phase of cycles – when culminating surges are likely. Next phase of ~7-week cycles comes into play in late-Aug./early-Sept. and should pinpoint next peak… as metals accelerate into a projected 3Q ’19 peak. Silver, Platinum & XAU concur, with rallies projected to last into/through Aug. ’19. XAU monthly trend signal is also crucial, with focus on Aug. 30.
How High Will Next Intermediate Peak in Gold Be?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.