Gold Fulfilling Multiple Cycle Progressions, Setting Pivotal Low; Portends Future Surge!
07-01-26 – “The GSCI (Goldman Sachs Commodity Index) is fulfilling ongoing projections for a sharp decline from a peak in April/May ’26, the time projected to usher in a 3 – 6-month (or longer) high in that index and in the related energy/commodity inflation moves.
That was, and still is, expected to be part of a broader, overall advance that next peaks in ~April 2027…
Gold & Silver are hesitating after Gold dropped to a new intra-year low this week, 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).
A drop into early-July ’26 would fulfill related cycles in Silver, including a trio of similar timed waves that comprise the entire ‘A-B-C’ decline.
A Silver low in late-June/early-July ’26 would also complete a 50% retracement in time and fulfill a ~9-week/63 – 64-week low-low-(low) Cycle Progression.
Last week, Gold & Silver spiked below their weekly HLS levels (extreme weekly downside targets) with Gold rallying back to close above that level & above its most recent low on the weekly close. That also portends a 1 – 2-month low in this time period.
That reinforces the overall wave analysis that the current decline (since mid-April ’26) is still a corrective one that is likely a ‘C’ wave, even though it has extended farther than expected.
A spike low during this week or next would also reinforce the outlook for the next significant peak to occur in Oct ’26 – fulfilling a ~4-year low (4Q ’14) – low (Aug/Sept ’18) – low (Sept/Oct ’22) – (high; Sept – Nov ’26) Cycle Progression as well as a ~1-year/~360-degree low (Oct ’23) – high (Oct ’24) – high (Oct ’25) – (high; Oct ’26) Cycle Progression.
The XAU & HUI declined from mid-May cycle highs into mid-June, spiking below their late-March ’26 lows and fulfilling their weekly trend patterns. That also fulfilled initial downside price projections and set the stage for a multi-week – and potential multi-month – low to take hold in the weeks that followed.
This overall ‘a-b-c’ decline still appears to be the wave ‘IV’ of a potential 5-wave sequence that began with the Sept ’22 low. The 4th wave of lesser degree (wave 4 of III) support remains at the Nov ’25 low and is still pivotal support.
These indexes – and the majority of related mining shares traced out a bearish weekly 21 MAC reversal sequence since March ’26 and could spur a final spike low in the near term.
Ideally, that would stretch into July 6 – 10, ‘26 (July 6 – 8th = most synergy) and fulfill a ~4-month/~17 – 18-week low-low-low-low-(low; July 2 – 10, ’26) Cycle Sequence as well as a ~6-week high-high-high-high-(low; July 6 – 10, ’26) Cycle Progression.”
Gold & Silver (as well as other metals & related indexes) are fulfilling ongoing analysis for a multi-month correction that should bottom at or above their Oct/Nov ’25 lows… ideally in early-July ‘26 This is still perceived to be an ‘A-B-C’ correction, with the terminal ‘C’ wave nearing fruition.
Late-June/early-July ’26 is the ideal time for a spike low and the start of a multi-week bottoming process. Late-July/early-August ’26 is shaping up as the most likely time for a new surge to take hold.
All of 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 bottom in late-June/early-July ’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.
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