Gold, Silver & XAU Attacking Extremes; Remain on Track for Advance into March ‘20.
12/31/19 Weekly Re-Lay Alert: “Gold spiked up to its weekly 21 High MARC (1528.1/GCG) as the related 21 High MAC is flattening, so the Jan. 3 weekly close should be revealing. (Next week’s 21 High MARC jumps to 1550.4/GCG.)
A 2 – 4 week peak in this time period would fulfill the weekly LHRs in Silver and a 17 – 18-week low-high-(high) Cycle Progression in Gold…
1 – 4 week traders could [reserved for subscribers]…
The XAU surged to new highs, fulfilling the weekly trend buy signal (generated in mid-Oct.) while attacking its weekly AND monthly LHRs and setting its highest close at the upper end of intermediate upside targets at 105.71 – 107.14/XAU. It has spiked within 2.0 points of 110.0 – a 1 – 2 year upside objective dating back to 2018. As a result, a multi-week peak is likely to take hold very near current levels.”
Gold & Silver surging into 1 – 2 week period when intermediate peak is most likely. XAU fulfilling 1 – 2 year upside objective near 110.0. Watch early-Jan. ’20 – when multiple weekly cycles converge – for critical clues for 1Q 2020. Metals remain on track for overall advance into March 2020.
How High Could Gold Reach in 1Q ‘20?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.