Gold Signals New Surge into Next Phase of Uncanny 27 – 29 Week Cycle; Midpoint of 55 – 59 Week Cycle Projects Focus to March 2020. For What???
08/06/19 The Bridge: “Bigger Picture
Gold’s close above its July 19 high confirms the next upside target at 1525.0/GC. The June 29, 2019 Weekly Re-Lay summed up Gold’s first two price targets in this manner:
06-29-19 – “Gold & Silver surged into this past week with Gold testing the upper end of its primary (1 – 2 year) upside target at 1445.0/GC.
This came in the week after Gold & Silver turned their weekly trends up – signaling the time for an initial (1 – 3 week) top while also increasing the odds for another rally after a brief correction.
With these uptrends accelerating, the same is expected from corresponding corrections. That appears to have been the case as Gold dropped 40.0+/GCQ from its high – testing and holding its daily HLS and daily trend support. Based on that action, Gold could see a rally to new highs in the coming week…
The intra-year trend concurred and projected a rally into late-June/early-July (mid-year). That was reinforced by the monthly 2 Close Reversal higher Gold triggered in May – confirming its late-April/early-May buy signal (~1270.0/GC) and projecting 1 – 3 months of bullish follow-through…
Gold also attacked a pivotal upside target on a 6 – 12 month and 3 – 6 month basis, as well. ~1445.0/GCQ is the first 1 – 2 year upside target and is also a doubling of Gold’s intra-year trading range.
That range, from 1275 – 1360.0/GCQ, lasted from Jan. – mid-June. A close above it turned focus to 1445.0/GCQ – a doubling of that ~85.0/GCQ trading range that had previously prevailed…
A spike above it is possible, but Gold would need a daily close above it to signal a breakout. (The next key level, and second 1 – 2 year upside target, is around 1525.0/GC.)”
Not only is 1523 – 1525.0/GC the second 1 – 2 year upside target (from Aug. ‘18), but it is also just below the next phase of Gold’s range-projection targets. 1445.0 plus 85.0 (the magnitude of the ranges between 1275 – 1360 and 1360 – 1445) is 1530.0/GC.
That is similar to how Silver has been trading for over 5 years, moving in approximate 2.50-point ranges with boundaries at 13.50, 16.00, 18.50, 21.00 and so on. When Silver ultimately gives a weekly close above 16.00/SI, it will target 18.50/SI as the next upside objective.
The XAU is also similar, trading between ~60.60 – ~80.60 from July 2018 into June 2019. Once it broke above that range, and then came back to retest it in early-July before resuming its advance, it targeted a range-projection objective at ~100.60/XAU – a doubling of that ~11-month range.”
Precious metals signal new surge in Aug. ’19 as stocks are confirming ‘August 2019 Plunge Cycles’. Gold’s May 31 monthly buy signal reinforces focus on next phase of 27 – 29 Week Cycle (Aug. 26 – 30 = greatest synergy of weekly cycles). Silver, Platinum & XAU concur, with rallies projected to last into/through Aug. ’19. XAU monthly trend signal is critical, with focus on Aug. 30.
1530.0/GC, 18.50/SI & 100.60/XAU = next upside objectives in continuing bull market!
What Should Follow August ’19 Surge & Subsequent Cycle Peak?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.