Gold Portends Future (Larger) Surge, Likely in Early-2020! 90/10 Rule Concurs. XAU Signals Likelihood for New 1 – 2 Week Rally.
12/21/19 Weekly Re-Lay: “Gold & Silver are rallying and could still see a quick surge to weekly extreme levels… The next cycle high of similar magnitude is in ~March ‘20, when another multi-month peak is likely.
In many cases, Gold sees its biggest surge in the weeks leading into a multi-month cycle high (90/10 Rule of Cycles, reinforced with the August ’19 surge in Gold – leading into the latest phase of uncanny cycles) so the majority of the next advance could still wait longer (into Jan. or Feb. ’20)…
This week, the inversely-correlated weekly 21 MARC will surge in Gold (for 5 – 6 weeks). On Dec. 30, the weekly 21 High MARC will jump to 1528.1/GCG – potentially overtaking the current price of Gold if it has not exceeded that by then. So, the coming week is ‘do or die’ for Gold.
At the same time, Silver has a growing potential for a spike above 18.000/SIH that would fulfill multiple wave objectives and reach the convergence of 4 of the latest 5 weekly LHRs.
Gold & Silver rallied further, reinforcing cycle lows set on Dec. 10. Those lows took hold as Gold fulfilled its daily trend pattern and daily cycles – including a 30-day/30-degree low-low cycle that produced lows on Sept. 10, Oct. 11 & Nov. 12.
It was also in sync with the daily 21 MARC discussed last week – which had the potential to turn bullish on Dec. 10. That same inversely-correlated daily 21 MARC will drop for the next six trading days – potentially adding another bullish factor to Gold & Silver and spurring another rally…
1 – 4 week traders could have entered long positions in Feb. Comex Gold futures at 1478.2 down to 1474.3/GCG and be holding these w/avg. open gains of about $450/contract… Exit 1/2 of these if/when 1522.0/GCG is hit.
The XAU remains in a daily & weekly uptrend, with the weekly trend continuing to project a rally back to xxx.xx/XAU as its minimum upside objective. This target does not incorporate a specific timing factor, so it could take hold at any time… and/or wait for a future date…
The daily trend remains up and would not turn neutral until a daily close below 96.95/XAU. A 13 – 14 day low-low-low-low Cycle Progression could create another ascending low on Dec. 23/24 (instead of inverting and creating a high).”
Gold & Silver entering decisive week (do or die) when Gold would need to surge above 1528.1/GCG to keep weekly 21 MAC bullish. Daily 21 MARC indicator remains bullish into late-Dec… reinforcing the likelihood for an additional, accelerated surge into late-Dec. XAU projects new surge beginning on Dec. 23 or 24. Watch early-Jan. ’20 – when multiple weekly cycles converge – for most revealing action and critical clues for 1Q 2020.
What if Gold fails to exceed 1528.1/GCG? Why is coming week so decisive??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.