Gold, Silver & Gold Stocks Prepare for Final Leg Up.  Brief Dollar Sell-off Could Trigger Accelerated Rally in Gold.  

Gold, Silver & Gold Stocks Prepare for Final Leg Up.  Brief Dollar Sell-off Could Trigger Accelerated Rally in Gold.   

02/13/19 Weekly Re-Lay Alert: “It is often stated (in these publications) that ‘price filters time’ or ‘price is the determining factor’.  What that simply means is that cycles and timing indicators provide some initial and general expectations, but the corresponding price action must validate that.

Technical and cyclical analysis is a ‘numbers game’ – involving the calculation of probabilities based on multiple technical (price or chart-based) indicators and patterns.

None of those indicators or patterns are perfect and not a one of them is 100% accurate. 

The objective is to align the greatest synergy of corroborating factors in your favor and then set risk parameters in the event those factors are wrong.

Sometimes price action will confirm and powerfully fulfill cycles. 

Other times, price action forces adjustments to the timing aspects of analysis. 

And, in the worst case scenario, price action forces a complete re-thinking of what was originally anticipated.

When it is all said and done, the most important factor is not a question of right or wrong, but rather the resulting action in each case.  That is why proper money management and risk control is the most determining factor in the success of a trading account.

There are several new/recent instances of price action honing the timing outlook…  

Gold & Silver are correcting, after fulfilling intermediate cycles and expectations for a multi-week peak in late-Jan./early-Feb 2019 (on the way to a higher magnitude peak in March 2019).

This correction could culminate in the coming days…”

Gold, Silver and Gold/Silver Index (XAU) are fulfilling cycle analysis for a pullback into Feb. 13/14 before a culminating rally into late-Feb./early-March.  Gold & Silver are completing ‘a-b-c’ corrections, a precursor to another (final?) rally in the second half of February.  Dollar action and cycles are ushering in a small window of time when a Dollar sell-off could trigger an accelerated rally in Gold – the type of move that often completes an overall uptrend.

What Levels Could Gold Reach Before a 1 – 3 Month Peak?

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.