Gold cycles suggesting an October low ?

Gold Cycles

On the chart below we see how the blue cycles have picked the lows when gold became bullish and the highs when gold became bearish on the intermediate term. The next blue gold cycle is October 5th (plus or minus 72 hours). A blue cycle low would have the odds favor a gold bottom and a return to a BULLISH cycle posture on the intermediate term. Odds favor either 1272-1282 or 1247-1262 as the two places most likely to bottom on this gold pullback ideally on Oct 5th (plus or minus 72 hours).

What I don’t want to see in cycles

Because we have hit important support near 1280, it is not out of the question for gold to begin a bounce here that leads to 1298-1308 or even 1322 into the blue cycle. If that happens, the intermediate term will remain bearish.

Short Term