Gold, Silver & Gold Stocks Fulfilling New (Final?) Rally. Feb. 20/21 = Most Likely Time for Decisive Peak!
Gold, Silver & Gold Stocks Fulfilling New (Final?) Rally. Feb. 20/21 = Most Likely Time for Decisive Peak!
02/19/19 INSIIDE Track Intra-month Update: “Gold & Silver – after dropping into daily cycles on Feb. 13 – 14 – have entered what is likely to be the final phase of this ~6-month advance…
That is also in line with the Dollar correlation described in recent publications. That scenario involved Gold having a ‘narrow window of opportunity’ to accelerate higher if/when the Dollar sold off from a mid-Feb. peak. As for how long this window of opportunity will remain open, and how much longer Gold can rally…
As stated in early-2018, a peak in late-Jan. ’18 would fulfill an “18 – 20 week low-high-high-(high), 27 – 29 week high-low-low-low-low-(high) AND a 55 – 59 week low-low-low-(high) Cycle Progression“.
Those cycles have continued to guide expectations for Gold (and to a lesser extent, Silver, although the two often peak and bottom at divergent times) since early-2018…
The 18 – 20 week cycle created expectations for an intervening (lower) high in mid-June ’18 followed by a sharp sell-off. That was validated & projected another intervening high in late-October, which was also fulfilled. Each peak was of diminishing significance, leaving less confidence in this cycle.
The 27 – 29 week cycle pinpointed the mid-August bottom (29 weeks after the late-Jan. ’18 peak) and turned focus to Feb. 18 – March 8, its next phase. Gold could fulfill that cycle with a new high at any time.
On an over-arching basis, the 55 – 59 week low-low-low-(high) Cycle Progression projected the next multi-month peak for Feb. 11 – March 15, 2019.
On a near-term basis, Gold has been following a 6 – 7 week cycle (and an overriding 13 – 14 week cycle) that also helped time the late-Jan. high (at its midpoint). That late-Jan. high was expected to reinforce the likelihood for a subsequent high on Feb. 19 – 26, the latest phase of a 6 – 7 week low-low-low-low-high-(high) AND a 13 – 14 week low-low-low-low-high-(high) Cycle Progression.
So, Gold has entered a decisive period when an intermediate peak could take hold at any time…
The XAU has also rallied after pulling back to its ascending daily 21 High MAC. It is surging above its primary, 3 – 6 month upside target and resistance (76.88), as well as its weekly resistance and weekly LHR (76.76 – 76.82/XAU), and could see a peak on Feb. 20/21 – the latest phase of a 21 – 22 day low-high-high-high-(high) Cycle Progression.”
Gold, Silver and Gold/Silver Index (XAU) are fulfilling 3 – 6 month, 2 – 3 month, 2 – 4 week and 1 – 2 week objectives with a decisive peak most likely on Feb. 20/21. Key targets are in focus and could/should usher in a peak.
How Quickly Could a Subsequent Sell-off Emerge… and How Far Should it Drop??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.