This might be hard to see, but gold retraced to the .618 fib of the move from the 2015 bottom to the 2020 top, building out the blue flag in the process.

The two long term TLs intersect a couple of fib extensions in August, 2021 with a range of $2500-$2700.  Based on my GSR chart that shows the next move to 45, this equates to $55-$60 silver.

August is a good time for metals to top, and I’ll be selling this top if we get it.

EDIT:

A closer look shows our target range within the path of an expanding wedge, a bearish pattern that might later lead to a big correction off a summer top.