Because I'm a betting man I think it will.
If it is, then the most robust pattern would be to see the Weekly highs push the price of GOLD down into the June 50% level, which can provide the next set-up for the trend to continue higher from Wednesday onwards
Previous Weekly report
GOLD Primary and Weekly cycles
The USD dollar has been under pressure over the past 5-days, whilst GOLD continues to move upwards.
If the trend continues higher, then price can remain within an orderly pattern, and follow the Weekly highs, and then continue towards $1579 thereafter.
Last week saw selling pressure after the Weekly highs were reached, but the the trend didn't move down into the June 50% level, therefore be aware that the trend may revisit the June 50% level on any short-term weakness.
That would be based on the US dollar moving into a short-term counter-trend move upwards later next week
Silver Primary and Weekly cycles
I would have expected more strength last week, but the cycles are completely different when we compare Silver to GOLD.
GOLD is above the monthly 50% level, whilst Silver remains below.
Therefore, to validate a continuation upwards into the 3rd Quarter, price needs to be trading above the June 50% level @ $40.03
Otherwise traders need to be aware, that if the next few weeks move into a sideways pattern and then closes below the 3rd Quarter 50% level (higher step formation Yellow)....
Silver could come under selling pressure and revisit the Yearly 50% level.
In the mean time, the Primary cycles remain bullish...
but the short & intermediate cycles remain bearish to sideways.