• 287 days Will The ECB Continue To Hike Rates?
  • 287 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Gold Heading Higher into Early October Top

The strongest growth phases in financial markets develop over 64 trading days, or 3 calendar months. There is a specific reason why 64 days is so important, which I discuss in my daily subscription reports, but the important thing to know is that the growth patterns in gold have been faithfully following this 64-day script throughout this long bull market.

There is compelling evidence that a 64-day growth pattern is now underway in gold, which will take prices relentlessly higher into a potentially important top in early October.

GC #F,D - AdvCh

In fact, this current 64-day growth pattern is the strongest such patttern of the entire bull market. And since the second half of a 64-day move has a strong tendency to be stronger than the first half, the upside target for this developing move into October is considerably higher.

Another way to visualize the development of these 64-day patterns is through the fractal dimension of the weekly chart, which provides a specific indication of the available energy remaining to power a market trend. So not only does the fractal dimension tell us when a market is primed and ready for a big move, but it also lets us know when a trend is "running out of gas" and has exhausted its immediately available energy supply.

GC #F,W - AdvCh

These weekly trends have been very well organized in gold. The last two trends carried gold up just over 20% from the bottom to the peak. And the trend that is just underway is the strongest and most organized of the bunch.

The only caveat about simply rushing in to load up on gold futures and options is that there is typically a hard retracement between Days 21 and 32 during this pattern, and gold is just now entering this corrective zone.

But fortunately there are ways to pin-point ahead of time the likely spot for the retracement to bounce, and the uptrend to resume.

I discuss these cycles and patterns in much greater detail in my daily Fractal Gold Report. I invite you to take advantage of our free 30-day trial offer during this important upcoming period for gold, which also includes a bonus subscription to my daily report on equity markets.

 

Back to homepage

Leave a comment

Leave a comment