Gold Trading: Early-Jan Peak Projects Higher Highs Leading into Feb 21 – 28!
01/05/22 INSIIDE Track Update – “Gold & Silver – after holding pivotal support near 1760/GCG and ~21.50/SIH in mid-Dec – rallied into Jan 3 – 5, initially fulfilling a ~7-week low-low-high-(high) Cycle Progression and a ~5-month/21 – 22-week low-high-(high) Cycle Progression. This latest rally also fulfilled the outside-week/2 Close Reversal buy signals on Dec 17 – projecting a subsequent, 2 – 3 week surge into (at the latest) Jan 3 – 7.
If a peak is set at this time, it would project a more significant top for Feb. 21 – 25, ’22 – the ensuing phase of that ~7-week low-low-high-high-(high) Cycle Progression. That overlaps the time when a 17 – 18 month high (Aug/ Sept ’17) – high (Feb ’19) – high (Aug ’20) – high (Feb ’22) Cycle Progression recurs and should time a larger-magnitude peak.
There are other reasons why an initial high was/is expected in the first part of January but there is no guarantee (yet) that an intermediate top is in place.
Multiple indicators would still allow for higher levels in the coming weeks (reserved for subscribers)… In the interim, they should not give daily closes below monthly support levels – at 1785.0 – 1789.4/GCG & 22.180 – 22.310/SIH.
The XAU & HUI are similar and rallied sharply into Jan 3 – 7 cycle highs after spiking down into mid-Dec and to monthly support levels with the XAU also attacking its monthly HLS (extreme downside target for Dec ’21) at 117.13. They spiked higher into Jan 5 – initially fulfilling daily & weekly cycles – but would not signal a top until daily closes below 127.54/XAU & 249.35/HUI.
They, too, are expected to ultimately enter another rally – after an intervening pullback – and set their next intermediate high in the second half of Feb ’22.”
Gold & Silver fulfill projected rally into opening days of Jan ’22 – including 21 MAC signals (portending surge from Dec 29 into Jan 3/4), a precise 7-week low-low-high-(high) Cycle Progression (peaking on Jan 3 – 5, ’22) and a corresponding 48-day low-high-(high) Cycle Progression (peaking on ~Jan 3… and projecting a higher high on ~Feb. 21).
Platinum & Palladium have fulfilled major downside objectives and are signaling 6 – 12 month bottom.
What Would Jan 3 – 5 Gold Peak Project for 1Q ’22?
Will Gold See Higher Highs in Coming Weeks?
Will Gold Exceed 1920/GC in 1Q ’22???
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.