Gold Trading: Gold/Metals Focus on Feb 21 – 25 Cycles… and ~1920/GC Target!
01/19/22 Weekly Re-Lay Alert – Range-Trading & Extremes: Stocks, Gold, Dollar, Euro, etc. – “Gold & Silver are breaking out to the upside after consolidating long enough below the Jan 3 – 5 highs to validate the 7-week low-low-high-high Cycle Progression that timed that peak (and projects another).
Ever since Gold & Silver dropped right to monthly support levels on Jan 7 (the downside target for their intra-month downtrends) – as they were neutralizing (but not turning down) their daily uptrends – they have headed higher and been on track for a rally to monthly resistance levels…
As stated on Jan 15, Gold was “in the prime position to break out and head to higher levels”. That is what has quickly taken hold this week – with Gold likely to spike up to multiple upside targets (now corroborated by daily extreme targets) near [reserved for subscribers]…
That should lead to a subsequent, more significant top on Feb. 21 – 28, ’22 – perpetuating that ~7-week low-low-high-high-(high) Cycle Progression and overlapping the time when a 17 – 18 month high (Aug/Sept ’17) – high (Feb ’19) – high (Aug ’20) – high (Feb ’22) Cycle Progression portends a larger-magnitude peak…
On a broader basis, Gold’s overall advance – from the Dec 15 low – could approach its early-June ’21 peak (~1920.0/GC; also range-trading resistance) by late-Feb. Since the early-Aug ’21 intraday low, Gold has had two intermediate rallies with magnitudes of ~160.0/GCG each (2 xs its ~80.0/GC trading ranges).
A third rally of ~160.0/GCG – from the Dec 15 low of 1753.0/GCG – projects a surge to ~1913.0/ GCG… just below its 1920.0/GC trading range extreme…
The XAU & HUI are moving similar to Gold & Silver and expected to set future peaks in late-Jan and Feb 21 – 28. They rallied sharply into Jan 5 – fulfilling daily & weekly cycle highs – and portending a brief pullback.
After peaking in early-Jan, they corrected far enough and long enough to neutralize their daily uptrends but not turn them down. That signaled a secondary bottom and projected a rally to new intra-month highs, which has been unfolding ever since.
They have turned their intra-month trends up and are on track for rallies to ~145.00/XAU & ~280.0/HUI in the short term.”
Gold & Silver fulfilled projected highs in early-Jan – when 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) recurred. They pulled back to key support levels and triggered a decisive daily trend buy signal on Jan 7/10… projecting a new advance into late-Jan.
Gold remains on track to see a surge to 1913 – 1920/GC (if not higher) into late-Feb ’22 and should see new surge in Feb ‘22.
Platinum & Palladium have fulfilled major downside objectives and are signaling 6 – 12 month bottom… as Copper is fulfilling multi-year upside objectives (and could peak in 1Q ’22).
What Does Jan 3 – 5 Gold Peak Project for Feb 21 – 25… and Cycles in April & Sept/Oct ‘22?
Will Gold Reach/Exceed 1920/GC by/in Late-Feb ’22??
How Does US Dollar Fit into Equation?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.