Gold, Silver & XAU Surge to Extremes; Usher in 1 – 2 Week Period for Culminating Peak. 90/10 Rule Could Trigger Biggest Surge in Jan. 2020.
12/28/19 Weekly Re-Lay: “Gold & Silver did see surges to weekly extreme levels…
Looking out into 1Q ’20, the next multi-month cycle high is expected in ~March ’20 (the corresponding cycles project that peak for anywhere between late-Feb. and early-April ‘20 so more precise timing indicators will need to hone that as the coming weeks unfold).
In many cases, Gold sees its biggest surge in the final weeks leading into a multi-month cycle high (90/10 Rule of Cycles, again validated with the August ’19 surge in Gold leading into the latest phase of uncanny cycles) so the majority of the next advance could still wait into Jan. or even Feb. ’20.
In the interim, Gold was projected to surge from ~1475.0 to/above 1520.0/GCG in the second half of December. That was reinforced by the daily 21 MARC action that pinpointed a bullish period for Dec. 19 through Dec. 27…
Silver is a little different – also surging to its weekly 21 High MAC but neutralizing its weekly downtrend in the process. It also attacked and held its weekly LHR (and 4 of the latest 5 weekly LHRs) – indicating that a 1 – 2 month peak could soon take hold…
1 – 4 week traders could be holding partial (1/2) long positions in Feb. Comex Gold futures from an avg. of 1476.3/GCG w/avg. open gains of about $4,150/contract… The other 1/2 should have been exited around 1516.0 w/avg. gains of about $3,950/contract.
The XAU remains in an all-out uptrend, fulfilling their weekly trend signal (generated in mid-Oct.) while surging to its weekly LHR at 105.86/XAU (weekly upside extreme target) and intermediate upside targets at 105.71 – 107.14/XAU.
It turned back up on Monday, fulfilling a 13 – 14 day low-low-low-low Cycle Progression and projecting focus to Jan. 6/7. That triggered the latest surge, reaching multiple upside objectives.
The attainment of this upside extreme, coinciding with the XAU’s proximity to 110.0 (a 1 – 2 year upside objective dating back to 2018), usher in a 1 – 2 week period when an intermediate peak becomes far more likely.”
Gold & Silver attack weekly extremes as Silver neutralizes weekly downtrend. Both indicators portend intermediate peak in coming 1 – 2 weeks. XAU fulfilling projected new surge beginning on Dec. 23 or 24… and focusing on Jan. 6/7. Watch early-Jan. ’20 – when multiple weekly cycles converge – for most revealing action and critical clues for 1Q 2020.
How is Potential Top Likely to Take Hold? Why does 90/10 Rule Portend Largest Surge in Jan. or Feb. ‘20??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.