Gold Validating ‘The Golden Year’!
01/09/16 Weekly Re-Lay: “Gold & Silver continue to validate the potential for a new advance to begin 2016 – The Golden Year. Gold twice tested its primary downside target for the year of 2015 – at 1033–1045.0/GC – and was expected to rally from its Dec. 18th low into mid-to-late-Jan.
That is when a combination of geometric cycles converge, 90 & 180 degrees from the late-July low and mid-Oct. high – the culmination of a ~90-degree low-high-high Cycle Progression.
That expectation is why it was stated last week that “Gold & Silver need to begin 2016 with a sizeable bounce – giving initial validation to analysis for The Golden Year (the first year in 3+ years in which these metals are able to provide a sustained, 3+-month advance).”
Gold is doing just that and is capable of surging to 1125.0/GCG – the monthly LHR – in January… potentially in the coming week. That is due to the fact that 1123.9/GCG is the weekly Raw SPR…
3–6 month & 6–12 month traders & investors should have entered long positions in Gold & Silver near the lows and should hold them until a weekly close below the lows…
The XAU is in a 7–8 week trading range and still needs a daily close above 50.00 to signal an intermediate bottom. It briefly turned its new intra-month trend up, so there is the potential for some additional upside in the coming week…
Gold & Silver perpetuated the ~15-day cycle that pinpointed Dec. 31st for a low…Gold has also done that, rallying to new 8-week highs in the opening days of January. Gold has already surged over $50.00/oz to start the year but could reach ~1125.0/GCG before this initial surge tapers off.” TRADING INVOLVES SUBSTANTIAL RISK.
Gold reinforcing projections for initial surge into late-January & up to ~1125/GCG. 1Q 2016 = Overall bullish phase.