Gold Primary and Weekly cyclesIs Gold going to trend towards $1679 over the next 4 weeks, as the USD dollar collapses??
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
Note:- first target is $1679, but likely to extend towards the 3rd Quarter highs in July.
The UP Trend remains stable unless is breaks the Weekly lows in the 3rd month of the current Quarter
Silver Primary and Weekly cycles
Primary cycle suggests the trend will continue towards the 3rd Quarter highs in July.
That will be validated by a breakout of the Weekly highs and also above the June 50% level
In the short-term, if it's below $38.00 we could see Silver come down into the Weekly 50% level.
upward trend remains stable unless it breaks the Weekly lows