Gold & Silver Trading: Multi-Week Buy Signals Project Rally into Feb 21 – 28.
02/09/22 Weekly Re-Lay Alert – “Gold & Silver have again rallied after a quick, sharp pullback in late-Jan (that was not able to turn the daily trends down). That has left intact the ongoing outlook for another rally into higher highs on Feb 21 – 28 – the next phase of Gold’s ~7-week low-low-high-high-(high) Cycle Progression that timed the early-Jan peak.
A top at that time would also fulfill the next phase of an overriding 17 – 18 month high (Aug/Sept ’17) – high (Feb ’19) – high (Aug ’20) – high (Jan/Feb ’22) Cycle Progression. The daily & intra-month trends are positive, reinforcing this outlook. The daily & weekly 21 MACs are also turning positive, corroborating that…
The XAU & HUI remain in slow, steady recoveries that took hold after longer-term cycles bottom in late-Sept ’21. Secondary lows were set in mid-Dec. and projected overall rallies into late-Feb/early-Mar ’22. That remains the case and they turned their intra-month trends up – increasing the likelihood for additional upside in the coming days/weeks. Daily closes above 133.00/XAU & 260.0/HUI would confirm.”
Gold & Silver remain on track for an overall surge into Feb 21 – 28 and to at least 1913 – 1920/GC. Since that would only match previous rallies, and Gold is perceived to be in a higher magnitude advance, it should ultimately exceed 1920/GC and validate the overall outlook for 2022. Short-term cycles & indicators triggered an intervening low and buy signal in late-Jan and Gold is poised to trigger a ‘domino-effect’ of bullish signals in the coming days – ushering in the (likely) accelerated phase of its 4 – 5 month advance.
Platinum & Palladium fulfilled major downside objectives in Dec ‘21 and are signaling 6 – 12 month bottoms and the onset of new multi-month advances… as Copper is fulfilling multi-year upside objectives (and could peak in 1Q ’22).
At the same time, stock market cycles and indicators are projecting another sharp sell-off – reinforcing expectations for a tumultuous period in Feb ’22.
What is Significance of Feb 21 – 25 Cycles in Gold… and Why Should Metals Spike Up into That Time Frame?
Will Gold Reach/Exceed 1920/GC by/in Late-Feb ’22? What about cycles in April & Sept ’22??
Will Stock Market Sell-off Coincide with Gold/Silver Surge?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.