The monthly gold cycle tops now

The monthly gold cycle tops now. Gold has not hit its objective in the $3800 area yet. The 5th was a turning point, and the monthly cycle has peaked as we see below. There have been 5 such peaks in the last year, and 4 have been highs. The weekly cycle is also at a high. There will likely be a brief pullback in the coming week, at least. The cycle bottoms at the end of October, after the 2-week bearish time interval in the last half of October. Place a stop at $3470.