Gold Trading – Gold/Silver/XAU Surge; New Rally Likely in March ‘22!
02/26/22 Weekly Re-Lay – “Gold & Silver fulfilled the ongoing outlook – reiterated since Oct ’21 – for an overall rally into higher highs on Feb 21 – 25 – the latest phase of Gold’s ~7-week low-low-high-high-(high) Cycle Progression AND an overriding 17 – 18 month high (Aug/Sept ’17) – high (Feb ’19) – high (Aug ’20) – high (Feb ’22) Cycle Progression…
As described before, future highs could be seen in April and then Aug/Sept ’22 with Gold & Silver maintaining the potential to set a sequence of ascending highs in 2022.
Silver is continually reinforcing the first scenario and has a 10-week high-high-high-(high) Cycle Progression that comes back into play on March 28 – April 1 – the ‘ideal’ time for the next peak.
It just reinforced that with this past week’s spike high, creating a corroborating 5-week high-low-high-high-(high) Cycle Progression that also recurs on March 28 – April 1.
From a wave perspective, the Aug ’20 – Mar ’21 decline has the earmarks of a wave ‘4’ correction, prior to a wave ‘5’ finale (which likely began in March ’21). In late-Sept ’21, major cycle lows corroborated, creating a divergent bottom with Silver, Platinum, XAU and HUI all setting lower lows while Gold held at/above its March ’21 low.
That was expected to usher in a ~6-month (or longer) bottom and the onset of a new impulse wave higher in Gold and other metals. That still maintains the potential to extend this advance into Aug/Sept ’22, when monthly & yearly cycles align…
The XAU & HUI remain in steady recoveries that took hold after longer-term cycles bottomed in late-Sept ’21. Secondary lows were set in mid-Dec. and projected rallies into late-Feb/early-Mar ’22.
That remains the case and they turned their intra-month trends up on Feb 7 – triggering a domino-effect of bullish signals that are still in the process of unfolding. As described before, these indexes could extend their rallies…
150 – 152.00/XAU & 305 – 310/HUI are near-term objectives for these advances. However, the XAU could surge as high as its monthly LHR (157.60/ XAU)… even if it waits until early-March.
Copper remains in what is likely to be the final phase(s) of a ~2-year bull market but could still see an additional spike high before the end of 1Q ’22 (that could stretch into March ’22)… Platinum & Palladium remain strong… Some consolidation could take hold before a new rally would become likely.”
Gold & Silver are fulfilling 3 – 6 month projections for an overall surge into late-Feb as part of a series of ascending highs forecast for precious metals in 2022 (likely stretching into Aug/Sept ’22).
Silver cycles are arguing for another surge in March ’22 – the next phase of its ~6-month Cycle Progression! XAU & HUI cycles concur and project additional surges in early-March ’22. Platinum & Palladium are reinforcing projected multi-month advances after 6 – 12 month bottoms were signaled in Dec ’21; Copper is fulfilling multi-year upside objectives and could peak in March ’22.
How Have Precious Metals Cycles Validated War Cycles Forecast for Late-2021 – 2025?
How do Platinum & Palladium’s Dec ’21 Cycle Lows and Major Buy Signals Corroborate??
How High Could March ’22 Surge Take Metals?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.