Gold Trading: Rally into Early-Jan Fulfilled; New Surge into Feb 21 – 28 Projected.
01/05/22 Weekly Re-Lay Alert – “Gold & Silver initially fulfilled analysis for a new advance – projected to stretch from mid-Dec. into Jan 3 – 10, ’22 – the latest phase of a ~7-week low-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.
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 still argue for higher levels in the coming 1 – 2 weeks. The weekly LHRs are one of them with Gold just producing a third consecutive weekly LHR (reserved for subscribers)…
The XAU & HUI are similar and have rallied sharply after spiking down into mid-month 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… they remain on track for higher highs.”
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.