Gold & Silver Poised for New Rally into late-Feb./early-March ’20. What Then?
02/15/20 Weekly Re-Lay: “Gold & Silver are nearing the time when a new rally – ideally stretching into March 2 – 6 – should unfold…
Gold is still expected to set a subsequent peak in March/April ’20 (most likely in early-March ’20, when weekly cycles converge) and most factors still argue for a higher high at that time. It tested and held its weekly HLS last week… It has synergy of weekly LHR levels at 1620.4 – 1629.1/GCJ, overlapping monthly resistance, forming an extreme target for the coming weeks.
Silver is more likely to set a lower peak in March after fulfilling a textbook weekly trend failure in early-Jan. – twice neutralizing its weekly downtrend but failing to reverse that weekly trend to up…
It could just as easily rally to a lower high in March (as Gold sets new highs) – in a ‘b’ wave rebound – and then drop back to its Dec. ’19 low in a subsequent ‘c’ wave decline (as Gold retreats from that March ’20 peak). Daily price indicators will have to clarify this.
Gold & Silver sold off to begin the month, but not enough to turn the intra-month trends down… Gold has a trio of contrasting daily Cycle Progressions AND a trio of corroborating weekly Cycle Progressions, as well as a 180-degree cycle focused on Feb. 27 – March 4 for a potential peak.”
Gold & Silver poised to rally into March 2020 – corroborating the overall outlook for 2020/2021 (see related Special Reports and The Bridge publications).
How Would Divergent Peak Reinforce Outlook for April – July ’20??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.