Gold, Silver & XAU Confirm Nov. 13 Cycle Lows; Rally into Dec. 12 Expected.
11/24/18 Weekly Re-Lay: “Gold & Silver have rebounded since selling off into Nov. 13 – the culmination of a period when diverse Gold, Silver & XAU cycles forecast a low. That low perpetuated a 12 – 13 week/~90-degree high-low-low-low-low Cycle Progression in Gold that could now prompt an overall 12 – 13 week rally into early-Feb.
The first part of that would be the expected 2 – 3 week surge into early-Dec. when the greatest synergy of daily, weekly & intra-year cycles align.
Gold’s recent low also perpetuated a related (geometric) cycle – creating the 6th consecutive low at a ~45-degree (43 – 46 days) increment. They occurred on 4/06, 5/21, 7/03, 8/16, 9/28 & 11/13. If Gold does surge into the first half of Dec., it could [reserved for subscribers]…
Gold’s action around its weekly 21 MAC continues to corroborate this outlook and it has now entered the time – based on that indicator and its inversely-correlated 21 MARC – when a 2 – 3 week surge becomes more likely (since the 21 MARC will be dropping sharply for the next 3 weeks).
Silver has been following a ~90-degree cycle that could stretch the next peak into Dec. 10 – 14. That would fulfill a ~180-degree/6-month low (12/12/17) – high (6/14/18) – high (Dec. 10 – 14, 2018) Cycle Progression as well as a ~90-degee high (6/14/18) – low (9/11/18) – high (Dec. 10 – 14, 2018) cycle.
Dec. 12, 2017 was the last time 16.000/SIZ support was tested and held – for the ensuing 6+ months – and it would be somewhat symmetrical if Silver rallies… leading into Dec. 12, 2018 – a 360-degree move in time…
1 – 4 week traders can buy Feb. Comex Gold futures at 1218.3 [reserved for subscribers] TRADING INVOLVES SUBSTANTIAL RISK!
The XAU remains in a weekly uptrend until a weekly close below 63.75. It fulfilled intermediate analysis for a drop into Nov. 13, the latest phase of a ~2-month/60-degree Cycle Progression, and immediately reversed higher.
Despite spiking below that intermediate support (63.75/XAU) during successive weeks, the XAU never gave a weekly close below it, which means it never neutralized its weekly uptrend. That should prompt the onset of a new 1 – 2 month advance with an initial rally (seemingly underway) into early-Dec.
On a slightly larger basis, the XAU could see an overall advance into late-Jan./early-Feb. 2019 – the same time of year it set peaks in 2018, 2017 & 2015 and the same time it set its major low in 2016. It has a ~360-degree low-high-high-(high) Cycle Progression targeted at late-Jan./early-Feb. ’19.
1 – 4 week traders traders can enter long positions in the XAU Index (or related instruments) at current levels and average into these down to 62.90. Risk/exit [reserved for subscribers]” TRADING INVOLVES SUBSTANTIAL RISK!
Gold, Silver & the XAU fulfilled the potential for a final round of selling into cycle lows on Nov. 13 – when multi-week, multi-month and even multi-year cycles bottomed in Silver. Silver did spike to new lows as Gold set a secondary low in preparation for a larger-magnitude advance… that could impact precious metals’ action in 2019 and 2020. Gold stocks and the Gold/Silver Index (XAU) concur and also set a decisive low on Nov. 13. An intermediate rally is expected to follow, likely to extend into Dec. 12.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.