Gold/Silver Reinforcing Sept & Nov ’22 Major Cycle Lows; Rally into 1Q ’23 Cycles.

12/14/22 Weekly Re-Lay Alert  “Gold Silver fulfilled the outlook for another rally into mid-Dec ‘22 and up to their primary upside targets – for these 1 – 2 month advances – at 1835 – 1845/GCG and ~24.50/SIH.  That could spur a brief pullback before a subsequent (expected) rally into late-Dec/early-Jan.

If it rallies into late-Dec, Gold would fulfill a 41 – 42-week high-high-high-(high) Cycle Progression.  Silver is similar, expected to stretch its advance into Dec 30 – Jan 6, ’23 – the latest phase of a ~6-week high-high-high-high-low-low-low-low-(high) Cycle Progression that timed the early-Sept ’22 major low and subsequent Oct 14 and Nov 21 lows.

That ~6-week cycle should now invert and time a ~6-week (most current phases have ranged from 39 – 42 days) rally into Dec 30 – Jan 6, ’23.

In the interim, an intervening high was/is likely this week – the midpoint of that cycle.  If/when set, it would reinforce that ~6-week cycle by creating a reinforcing peak during the latest phase of a corresponding ~3-week/17 – 21-day low-low-low-low-(high) Cycle Progression.  That would project a subsequent high ~3 weeks later – on Dec. 30 – Jan 6, ’23.

A ~30-degree/~1-month cycle and a web of related cycles in Gold (28, 14 & 7-trading day cycles) also projects an initial high on Dec 14 – 16.  They would not show any signs of a 1 – 2 week top, however, until daily closes below 1788/GCG & 23.30/SIH

They continue to build the case for a major low being set – in Sept ’22 for Silver and 4Q ’22 (Nov ’22) in Gold – the early stages of what could be a new 6 – 12 month (possibly 1 – 2 year) advance.

The XAU & HUI remain on track for overall advances up to (or above) 130 – 137/XAU & 245 – 251/HUI.  The XAU has its latest two weekly LHRs at 135.28 – 138.81, overlapping its Jan ’22 high (intra-year trend resistance at 137.43) and its early-June peak at 137.40/XAU.

They set daily lows on Dec 12 – fulfilling a 35 – 38 day low-low-low-low-(low; Dec 9/12Cycle Progression and a related 18 – 20- day low-low-low-low-(low; Dec 9/12Cycle Progression…


Gold & Silver are reinforcing the outlook for an overall advance into 1Q ’23 with the potential to surge as high as 1825/GC & 24.50 – 25.00/SI before the end of 2022.  (That is projected to be the first multi-month rally as part of a larger, overall advance from major cycle lows in Sept & Nov ‘22.)  Silver cycles portend a new rally into (at least) Jan 3 – 6, ’23.  Gold is confirming a 3 – 6 month (or longer) bottom and could surge above 1900/GC into 1Q ’23.

Copper and Platinum are showing similar signs of developing strength and should rally into at least Jan ‘23.

What Would 2022 Test of 1825/GC & 24.50/SIH Mean for 2023?

Will Platinum AND Copper Surge with Silver… into early-Jan ‘23?

What About Gold… and its Outlook into Late-‘23?

 

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