Gold & Silver Project ‘Substantial Rally’ in Coming Months; XAU at Support.
07-15-26 – “During the accelerated portion of a larger-magnitude uptrend, at least one major correction will return to the rising monthly 21 High MAC – a pivotal level of (steeply) ascending support… like a trendline.
In the ideal scenario, that correction will culminate after the sell-off has triggered a pair of neutral signals against the prevailing monthly uptrend.
That sets the stage for a spike down to that rising monthly 21 High MAC – typically in the month during or immediately after the 2nd neutral signal is generated – and a reversal higher from that rising support.
Other factors – like weekly & monthly Cycle Progressions, HLS levels, etc. – are likely to corroborate.
Gold has traced out a perfect example of this common scenario, retracing to its rising monthly 21 High MAC (~3970/GC on continuous contract) while neutralizing its monthly uptrend AND retracing right to its 4th wave of lesser degree support – the overall downside target and support for this multi-month decline.
The GLD ETF concurs, bottoming at its monthly 21 High MAC.
Silver is also attacking its rising monthly 21 High MAC although it has not neutralized its monthly uptrend.
With corroborating daily & weekly Cycle Progressions and indicators increasing the likelihood for a multi-month bottom to take hold now, the monthly charts are in the perfect setup to reinforce that.
It could be time for a substantial rally in metals!…
Gold & Silver are consolidating after 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 low.
Silver completed a trio of similar-timed waves that comprise the entire ‘A-B-C’ decline. The Silver low in late-June/early-July ’26 also completed a 50% retracement in time and fulfill a ~9-week/63 – 64-week low-low-(low) Cycle Progression.
The recent lows also fulfilled weekly HLS indicators & reinforced prevailing wave analysis that the recent decline (since mid-April ’26) is still a corrective one that is likely a ‘C’ wave. This dovetails with what is discussed in the opening comments of this Alert (see page 1) and primes Gold & Silver for a new surge.
The recent spike low reinforced 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 & a ~1-year/~360-degree low (Oct ’23) – high (Oct ’24) – high (Oct ’25) – (high; Oct ’26) Cycle Progression.
…Gold could now see a 13 – 14-week advance into Oct ’26 – rebounding .618 of its recent 22-week decline while mimicking the 13 – 14-week rally of Oct ’25 into Jan ’26 and perpetuating a sequence of geometric (~3-month/~90-degree) moves.
It is also important to step back and review the longer-term/multi-year outlook for Gold & Silver… and some reinforcing Cycle Progressions.
Silver has 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. A preceding high in ~Oct ’26 would corroborate.
The midpoint of that ~30-month CP is the latest phase of a ~14 – 15-month low (Jan/Feb ’24) – low (Apr ’25) – (low; June/July ’26) Cycle Progression that would likely project a rally into Sept/Oct ’27 (it’s next phase) if a low is/was set now.
The XAU & HUI declined from mid-May cycle highs into early-July, fulfilling their weekly trend patterns, setting the stage for an intermediate low as they attack their rising monthly 21 High MACs.
As stated last month, the ideal scenario would have this decline 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 and a ~6-week high-high-high-high-(low; July 6 – 10, ’26) Cycle Progression.
That has initially taken place and also fulfilled key downside price projections as these indexes appear to be completing an overall ‘a-b-c’ decline – in the wave ‘IV’ of a potential 5-wave sequence that began with the Sept ’22 low.
This is taking place in the month after the XAU triggered the second neutral signal to its prevailing monthly uptrend – the optimum time (the subsequent month; July ’26) for a 3 – 6-month (or longer) low to take hold. On an intermediate basis, a rally into late-Aug/early-Sept ’26 is possible.”
Gold & Silver (as well as other metals & related indexes) are fulfilling ongoing analysis for a multi-month correction (from their late-Jan ’26 highs) that should bottom at or above their Oct/Nov ’25 lows, ideally in July ’26. This is still perceived to be an ‘A-B-C’ correction (of an over-arching multi-year uptrend), with the terminal ‘C’ wave at or near its low.
Late-June/early-July ’26 is/was the ideal time for a spike low and the start of a multi-week bottoming process, with Gold leading the way. Late-July/early-August ’26 is shaping up as 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. The XAU is nearing major support… awaiting bullish cycles to kick in (in late-July/early-August ’26).
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.
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