Saad Ullah
⬤ Gold closed near record levels this week, matching expectations for a cyclical high. Originally projected to peak during the current 13-week cycle, the strong weekly close now suggests an extension to 14 weeks, pushing the potential top into next week.
⬤ The weekly chart shows a clear cyclical pattern with the current advance approaching the first yearly resistance at 5,043—only about 1.1% above recent closing prices. Previous cycle highs maintained consistent time intervals, and the current structure follows this established pattern.
⬤ Recent price action displays steady momentum without signs of exhaustion, supporting the extended cycle theory. Historical data shows that previous peaks were followed by consolidation periods rather than sharp reversals, though no breakdown signals are present yet.
⬤ This late-cycle phase carries broader implications as gold often signals shifts in macro positioning. A cycle top near 5,043 could trigger consolidation or corrective movement before the next directional phase, potentially setting the tone for market momentum in the coming cycle window.
Saad Ullah
