Gold, Silver & Gold Stocks Confirming 2 – 3 Week Peak; Pullback into Feb. 13/14 Forecast. How High Could Late-Feb. Gold Rally Reach?
Gold, Silver & Gold Stocks Confirming 2 – 3 Week Peak; Pullback into Feb. 13/14 Forecast. How High Could Late-Feb. Gold Rally Reach?
02/08/19 Weekly Recap: Gold & Silver fulfilled expectations for 2 – 3 week highs to take hold in late-Jan./early-Feb. That was, and still is, projected to trigger a pullback into Feb. 13 – 14 and then trigger a culminating surge into late-Feb./early-March ’19 (when, among other things, the latest phase of an uncanny 55 – 59 week Cycle Progression recurs). The following are some excepts of recent publications:
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02/02/19 Weekly Re-Lay: “Gold & Silver rallied into late-Jan./early-Feb. cycle highs and could see a brief pullback before a rally into March… That corroborates that 6 – 7 week cycle while fulfilling multi-month cycles and analysis for a peak in late-Jan./early-Feb. as Gold fulfills the overall outlook for a multi-quarter advance from its mid-Aug. bottom (and Nov. secondary low) into March 2019. That remains the outlook and would be reinforced if a couple weeks of consolidation unfold…
If a pullback takes hold now, mid-Feb. is expected to set the next (ascending) 1 – 2 month low – the latest phase of a ~90-degree cycle in Gold that has timed lows in mid-May, mid-Aug. & mid-Nov. 2018…
Gold & Silver surged into late-Jan./early-Feb., adding another 1 – 2 week rally to the overall advance. That validated Gold’s daily trend & daily 21 MAC signal (Jan. 24) when it completed a 3-week correction without turning its daily trend down. That low reinforced the potential for a future low in mid-Feb. with a 20 – 21 day high-low-(low) Cycle Progression targeted for Feb. 13 – 14.
This latest rally reinforces the outlook for overall advances from Nov. ’18 into March ’19 – a scenario that could be reinforced by a brief pullback into mid-Feb.”
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02/05/19 INSIIDE Track Update: “The recent high arrived at the midpoint of the 6 – 7 week low-low-low-low-(high) Cycle Progression that timed the early-Jan. peak (and next comes into play in late-Feb.).
That corroborates that 6 – 7 week cycle while fulfilling multi-month cycles and analysis for a peak in late-Jan./early-Feb. as Gold fulfills the overall outlook for a multi-quarter advance from its mid-Aug. bottom (and Nov. secondary low) into March 2019. That remains the outlook and would be reinforced if a couple weeks of consolidation unfold.
If a pullback takes hold now, mid-Feb. is expected to set the next (ascending) 1 – 2 month low – the latest phase of a ~90-degree cycle in Gold that has timed lows in mid-May, mid-Aug. & mid-Nov. 2018…
3 – 5 week and 1 – 3 month traders could have exited long positions in Feb. Comex Gold futures w/avg. gains of about $6,200/contract on the overall trade.
The XAU rallied into late-Jan./early-Feb. cycle highs after correcting into Jan. 18 and reaching its extreme weekly downside target (HLS) and holding that initial support near 68.00. In doing so, it also held the overall 1 – 2 month support range at 66.00 – 68.00/XAU – reinforcing its multi-month uptrend…
This allowed the XAU to surge to its primary 1 – 3 month upside target – from mid-Nov. – at 75.65 – 76.88. Now that it has reached that decisive objective, the XAU needs to give a weekly and then monthly close above 76.88 to elevate this advance to the next higher magnitude and validate the 1 – 2 year upside target at ~110.00/XAU.
From a cycle basis, this Index is still expected to see another 2 – 4 week peak in late-Jan./early-Feb. and then a slightly larger-degree peak in March 2019.”
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02/06/19 Weekly Re-Lay Alert: “Gold & Silver are in the most likely time (late-Jan./early-Feb 2019) for a larger-magnitude peak… That was/is expected to trigger a quick, ~2-week correction into mid-Feb. – the latest phase of a ~90-degree cycle in Gold that has timed lows in mid-May, mid-Aug. & mid-Nov. 2018. The Jan. 24 low – affirmed by the daily trend pattern in Gold – produced a validating 20 – 21 day high-low-(low) Cycle Progression targeted for Feb. 13 – 14.
Gold needs a daily close below 1312.7/GCJ while Silver needs a daily close below 15.685/SIH to turn the new intra-month trends down and to reinforce analysis for a drop into mid-Feb…”
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Gold, Silver and Gold/Silver Index (XAU) have fulfilled intermediate cycle highs in late-Jan./early-Feb. when 2 – 3 week peaks were projected. The ideal scenario would see a pullback into Feb. 13/14 and then another (culminating?) rally to follow.
How high could Gold reach during a late-Feb. surge? What should follow a 1Q 2019 peak??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.