Gold, Silver & XAU Project Surges into Late-August; Trigger Multi-Week Buy Signals!
08-01-26 – “Gold & Silver remain in the ideal setup for new multi-month rallies…
The Dollar Index has again sold off after retesting (but remaining below) its late-June peak. It quickly signaled a higher magnitude (1 – 2-month) peak is in place and immediately plunged to the convergence of its 3 latest weekly HLS levels (weekly extreme downside targets) at 99.22 – 99.78/DXU… closing at 99.78/DXU.
That plunge 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 and, in doing so, projected a subsequent decline of at least ~3 weeks…
Gold & Silver are consolidating after Gold set 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 low to take hold.
Silver fulfilled the midpoint of a ~2.5-year/~30-month low (March ’20) – low (Sept ’22) – low (April ’25) – (low/high; Sept/Oct ’27) Cycle Progression that is likely to time the next 6 – 12-month peak in Sept/Oct ‘27. That midpoint was also the latest phase of a ~14 – 15-month low (Jan/Feb ’24) – low (Apr ’25) – (low; June/July ’26) Cycle Progression that also projected a low in June/July ’26.
The potential for a mid-year ’26 low (late-June – mid-July ’26) was reinforced by other factors.
Silver has experienced 5 declines of about 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.
A 6th decline of similar duration would bottom in July ’26.
The decline into the week of July 13 – 17, ’26 also completed a perfect .618 time retracement of the May ’25 – Jan ’26 advance and fulfilled weekly HLS indicators.
Gold & Silver declined into mid-month and rallied… The monthly charts are adding reasons (see 7/22/26 Alert) to expect a new rally…
2 – 4 week & 1 – 3 month traders can be entering long positions in Dec Gold & Sept Silver futures at 4054 – 4130/GCZ & 56.87 – 58.90/SIU and averaging into those down to the mid-July lows. Risk/exit on daily closes below the July 17th lows. TRADING INVOLVES SUBSTANTIAL RISK!
Gold & Silver declined into mid-month and have since rebounded… Both have been tracing out potentially bullish daily 21 MAC sequences but need to close above the July 22nd highs to further that sequence.
The XAU & HUI declined from mid-May cycle highs into mid-July, fulfilling their weekly trend patterns, setting 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.
Initially, that could spur a rally into late-Aug/early-Sept ’26 (corroborating related Silver cycles). Daily closes above the July 22nd highs are needed to turn the daily trends up.
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 and was partially corroborated by both white metals retracing to their daily 21 Low MACs and initially holding… as the inversely-correlated 21 MARCs began multi-day plunges and helped turn the direction of the 21 MACs up. Palladium was the one white metal to turn its intra-month trend up and trend slightly higher all month.
Copper remains positive and, like Palladium, trended higher throughout July. It is poised to extend the latest 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. [**If fulfilled, that would project a subsequent high in late-Sept ’26 – the extreme of related monthly cycles.].”
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 is now very likely!
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. Copper projects an imminent surge to new all-time highs! An initial rally into late-August ’26 is expected in all these metal-related markets.
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.
See current Weekly Re-Lay & INSIIDE Track publications for the most updated analysis.