Gold Trading: Rally into Early-Jan Nearing Fruition; New Surge into Feb 21 – 28 Likely.
01/01/22 Weekly Re-Lay – Gold & Silver are confirming new advances that could stretch into late-Feb…
Gold & Silver continue to rally in an advance that was projected to stretch from mid-Dec. – when daily cycles bottomed as support held – into Jan 3 – 10, ’22 – the latest phase of a ~7-week low-low-high-(high) Cycle Progression. They triggered outside-week/2 Close Reversal buy signals on Dec 17 – reinforcing the outlook into Jan 5 – 7, ‘22.
The precise daily cycle equivalent pinpoints Jan 5 – 7 as the ideal date for a 1 – 2 week (or longer) peak… a peak on Jan 3 – 14 would also fulfill a ~5-month/21 – 22-week low-high-(high) Cycle Progression.
A peak on Jan 5 – 10 would project a more significant top for 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 Dec 31, Gold closed above its weekly 21 High MAC and is VERY likely to turn that average higher on Jan 3, since it only needs to register one trade above 1783.5/GCG to do so (that is where the inversely-correlated weekly 21 High MARC falls to in the coming week). Once again, this is providing a textbook 21 MAC (dual) signal…
From a price perspective, Gold is providing clues as to a higher probability scenario for the coming 1 – 2 weeks. It has paired its latest two weekly LHR levels at (reserved for subscribers)… As a result, the ideal scenario would be to see Gold surge into Jan 5 [refer to latest publications for most up-to-date analysis]…
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…
Platinum has rallied since setting a double bottom in mid-Dec while fulfilling its weekly HLS pattern. That set the stage for a surge into Jan ’22 – corroborated by a weekly 2 Close Reversal higher.
Palladium also set a likely multi-month bottom as it completed successive declines of equal magnitude (~1,400/PA drops in Feb/Mar ’20 and again in May – Dec ’21) while holding its previous (Mar ’19) high near 1600/PA and its weekly HLS. A Jan ’22 surge to ~2200/PAH is expected.”
Gold & Silver reinforcing projected rally into opening days of Jan ‘22. 21 MACs portend accelerated surge from Dec 29 into Jan 3/4. A precise 7-week low-low-high-(high) Cycle Progression peaks on Jan 3 – 5, ’22 whereas a corresponding 48-day low-high-(high) Cycle Progression projects a peak on ~Jan 3 (and then 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?
How Soon Would 2nd (Jan/Feb) Surge Follow??
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.