Gold & Silver Surging as Dollar Tops; 40YC Currency War Intensifies!
08-08-26 – “The Dollar Index sold off sharply after retesting (but remaining below) its late-June peak. It quickly signaled a higher magnitude (1 – 2-month) top is in place and immediately plunged to the convergence of 3 weekly HLS levels (weekly extreme downside targets) at 99.22 – 99.78/DXU… closing last week at 99.78/DXU.
That plunge fulfilled late-July analysis and came right after the Dollar fulfilled its ~5-week/33 – 35-day low (April 17) – high (May 20) – high (June 24) – (high; July 27 – 29, ‘26) Cycle Progression. In doing so, the Dollar Index projected a subsequent decline of at least ~3 weeks that could/should reach 98.40/DXU…
The Euro has rallied after bottoming near a trio of weekly HLS levels (extreme downside weekly targets) at 1.1351 – 1.1392/E6U and the June ’26 monthly HLS in late-June. That spurred a reactive (ricochet) rally to a trio of weekly LHR levels at 1.1543 – 1.1599/E6U on July 31st.
It also created an outside-week/2 Close Reversal higher. Both of those signals projected follow-through higher into mid-August. A test of ~1.1650/E6U is likely…
Bitcoin & Ether have steadily rallied after setting new lows in June ’26 while perpetuating a ~5-month/~21 – 22-week low-low-low-(low) C.P…
~xx,xxx/BT remains the initial upside target in Bitcoin…Ether is still targeting [reserved for subscribers]…
Gold & Silver are surging in line with expectations for August ’26 and the fulfillment of a myriad of weekly, monthly and multi-year Cycle Progression lows in July ‘26.
Those lows fulfilled weekly HLS indicators & gave reinforcement to prevailing wave analysis that the recent decline (since mid-April ’26) is still a corrective one that is likely a ‘C’ wave… and primed Gold & Silver for a new surge beginning in late-July ‘26.
Gold could easily see an initial surge to 4460 – 4490/GCZ – the first critical decision point for this new rally – and potentially as high as 4680/GCZ. Silver has related targets & decision points at 70.80 – 72.10/SIU.
On an intra-year basis, Gold, Silver & the other white metals fulfilled 3 – 6-month downside objectives and provided textbook monthly chart buy signals at their July ’26 lows. That included a market correcting to the rising monthly 21 High MAC – a pivotal level of ascending support.
In the ideal scenario, that correction will culminate after the sell-off has triggered a pair of neutral signals against the prevailing monthly uptrend – preparing for a 3 – 6-month bottom and the onset of a new advance.
That is what occurred in Gold as it spiked down to that rising monthly 21 High MAC and quickly reversed higher from that ascending support. Other factors – like weekly & monthly Cycle Progressions, HLS levels, etc. – helped corroborate that buy signal in July ‘26…
Silver dropped far enough to attack its rising monthly 21 High MAC without neutralizing its monthly uptrend, showing underlying strength.
Silver also fulfilled wave symmetry, completing the 6th consecutive decline of approximately 6 months in duration since mid-2019. They included the declines of Sept ’19 – March ’20, Feb ’21 – Sept ’21, March ’22 – Sept ’22, April ’23 – Oct ’23 and Oct ’24 – April ’25… and Jan – July ‘26.
Gold dropped to a new intra-year low in late-June, fulfilling an ~11-week high-high-high-(low; June 29 – July 2, ’26) Cycle Progression while providing another intra-week spike below its Oct ’25 low (4th wave of lesser degree)… all setting the stage for a multi-month rally to take hold.
All of those signals identified late-July ‘26 as the onset of the ‘time for a substantial rally in metals!’
2 – 4 week & 1 – 3 month traders could have entered long positions in Dec Gold & Sept Silver futures at 4054 – 4130/GCZ & 56.87 – 58.90/SIU – in line with the published trading strategies in July ’26 – and be holding these with substantial open gains.
Risk/exit on daily closes below 4220/GCZ and/ or 59.90/SIU. Exit 1/2 of 2 – 4-week long positions if/when 4675/GCZ and/or 71.70/SIU is hit. TRADING INVOLVES SUBSTANTIAL RISK!
Gold & Silver surged during the past week, powerfully validating the bottoming process and late-July ’26 buy signals that projected a sharp rally in August ‘26…
The XAU & HUI are also surging after declining from mid-May cycle highs into mid-July and fulfilling their weekly trend patterns. That set the stage for a multi-month low as they attacked rising monthly 21 High MACs.
They stretched their declines into July 17th, fulfilling a ~1-month/~30-degree high (Apr 17) – high (May 13) – high (June 17) – (low; July 17, ’26) Cycle Progression and intra-month downtrends. At the same time, they fulfilled a 19 – 20-week high-high-high-(low) and a ~10-week high-high-high-high-(low) Cycle Progression… indicating that at least a ~5-week rally should follow…
Platinum & Palladium corroborated this outlook with Platinum fulfilling a ~7-month/31 – 32-week low (Sept 2 – 6, ‘24) – low (April 7 – 11, ’25) – low (Nov 17 – 21, ’25) – (low; June 29 – July 2, ’26) Cycle Progression – that now projects a minimum ~16-week rally (50% of 32-week cycle) into Oct 19 – 23, ’26.
Ideally, that would only be part of a full ~32-week rally – since that Cycle Progression is at the likely inversion stage – into Feb 8 – 12, ’27.
This comes right after Palladium attacked its rising monthly 21 Low MAC (after neutralizing its monthly uptrend for the second time) & Platinum attacked its rising monthly 21 High MAC while dropping right to its Oct/Nov ’25 low (1539/PLV) – its 4th wave of lesser degree support on a multi-year basis (the ideal level for a secondary low).
A 1 – 2-month rally to ~2000/PLV appears likely… but Platinum needs a daily & weekly close above 1850/PLV to validate.
Copper remains positive and, like Palladium, trended higher throughout July. It could extend this advance into mid-August ’26 when a ~7-week low-low-low-(high: Aug 10 – 14, ’26) Cycle Progression recurs. That arrives ~3-months/~90 degrees from the May 13th high. That could involve a spike above 7.000/HGU, a key multi-year upside range target.”
Gold & Silver, Platinum & Palladium and the XAU & HUI fulfilled analysis for a multi-month drop into July ’26 – when a decisive, multi-month bottom was/is projected. That decline was/is still perceived to be an ‘A-B-C’ correction (of an over-arching multi-year uptrend), with the terminal ‘C’ wave forming a bottom while ushering in the next phase of the 40-Year Cycle of Currency War. A new surge was/is projected for late-July through late-August ‘26!
Late-June/early-July ’26 is/was the ideal time for the start of a multi-week bottoming process, with Gold leading the way. The XAU corroborated with mid-July ’26 cycle lows. Silver & the white metals followed. Late-July/early-August ’26 was/is the most likely time for a new surge to take hold as part of Gold’s projected multi-month advance from its June 30, ’26 low. An initial rally into late-August ’26 is expected in all these metal-related markets. Cryptos have also been projecting a powerful August ’26 surge!
All this remains in the context of the unfolding scenarios projected for 2022 – 2028/2029, with Gold & Silver nearing a transition into the next phase of their over-riding outlook. If they begin a new surge in late-July/early-August ’26, that would powerfully corroborate projections for 3Q & 4Q 2026… as well as analysis for 2026 – 2029! Analysis for the US Dollar & Forex, Interest Rates, Stock Indexes and Bitcoin/cryptos concurs. TRADING INVOLVES SUBSTANTIAL RISK!
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.