Gold Trading: Jan 7/10 Buy Signal Projects Rally into Feb 21 – 25… and to ~1920/GC!
01/12/22 Weekly Re-Lay Alert – “Gold & Silver rallied into Jan 3 – 5, and then pulled back into Jan 7 – creating a ~3-week low-low Cycle Progression… Both metals neutralized their daily uptrends multiple times (during the pullback into Jan 7) – without turning them down – increasing the likelihood for a new rally to begin on Jan 10.
In addition, Gold & Silver dropped right to monthly support levels (the downside target for their intra-month downtrends) and held as they were setting the Jan 7 low. That set the stage for an immediate reversal higher – which took hold on Monday.
That signaled the onset of a new advance in sync with analysis for Silver to set a series of highs… Reinforcing the potential for another rally (into Feb 21 – 28), Gold turned its weekly 21 High MAC up and now needs a weekly close above that level (currently at ~1821.0/GCG) to signal new strength and the onset of the next phase of this overall recovery…
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. That is due to multiple factors including wave equivalence…
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). They followed a decline of ~240.0/GC (3 xs the ~80.0/GC ranges) from the early-June peak.
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… Rallies to ~145.00/XAU & ~280.0/HUI are likely in the coming weeks.”
Gold & Silver fulfilled 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). They pulled back to key support levels and triggered a decisive daily trend buy signal on Jan 7/10… projecting a new advance to take hold.
Gold remains on track to see surge to 1913 – 1920/GC (if not higher) into late-Feb ’22.
Platinum & Palladium have fulfilled major downside objectives and are signaling 6 – 12 month bottom.
What Does Jan 3 – 5 Gold Peak Project for 1Q ’22… and Cycles in April & Sept/Oct ‘22?
Will Gold See Higher Highs by/in Late-Feb ’22… and Exceed 1920/GC??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.