Gold Trading: Gold Attacks ~1760/GC Support; Rally into Jan 3 – 5 ’22 Likely.

12/06/21 INSIIDE Track Update – Gold & Silver have declined since peaking along with intermediate cycle highs on Nov 15 – 19.  Both have matched the magnitude of their respective Sept ’21 sell-offs – creating some symmetry in these markets while powerfully confirming the ~7-week low-low-(high) Cycle Progression that helped pinpoint the Nov 15 – 19 peaks.

The mid-Nov peaks also fulfilled price action with Gold testing and holding its weekly LHRs (1865.1 – 1867.8/GCZ) on Nov 8 – 12 – a pattern that portends a 1 – 2 month peak in the ensuing 1 – 2 weeks (ideally on Nov 15 – 19).

From a timing perspective, the Nov 15 – 19 highs projected a future intermediate high for Jan 3 – 7, ’22 that would fulfill a ~7-week low-low-high-(high) Cycle Progression.  Gold has not yet ascertained whether that should be a higher or lower peak…

If that is fulfilled, it would project sharper focus on Feb. 21 – 25, ’22 – the next phase of a ~7-week low-low-high-high-(high) Cycle Progression… when a higher high is expected.  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 more significant peak.”

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Gold & Silver surged from multi-month cycle lows in late-Sept (weekly, monthly & yearly cycle low convergence) into Nov 15 – 19 – when daily & weekly cycles peaked while projecting future highs for Jan 3 – 5 and Feb 21 – 25 ‘22.  In the interim, Gold should bottom near pivotal support at ~1760/GC.  The next intermediate high is expected in the opening days of Jan ‘22.  A precise 7-week low-low-high-(high) Cycle Progression peaks on Jan 3 – 5, ’22.

What Would Jan 3 – 5 Peak Project for 1Q ’22?

Are Gold & Silver Poised for Larger Advances??   

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