Home   Links   Editorials

Gold, Silver, & USD: Key Price Targets

captainewave
email: admin@captainewave.com
website: www.captainewave.com

Oct 18, 2026

Gold

Please click this link to view the Captain’s long-term gold chart. Double-click to enlarge it.

Please click this link for the daily chart. Double-click to enlarge it.

Analysis:

Gold is moving in a multi-decade incomplete impulsive fashion, from the 35.20 low made back in 1970. Within this impulsive move, we have the following count, which we have now updated within wave (iv):

1 = 1920.80.
2 = 1046.20.
3:
i = 2073.40.
ii = 1614.40
iii:
(i) = 2073.30.
(ii) = 1810.10.
(iii) = 5595.40.
(iv):
-a- = 4404.10.
-b- = 5419.30.
-c- diagonal triangle (updated on 10/15/26):
*i* = 4099.60.
*ii* =4889.70.
*iii* = 3943.40.
*iv* = 4697.70.
*v* is still underway, with a minimum target of the wave *iii* low of 3943.40, to complete all of wave (iv).
(v) rally after wave *iv* ends.

Wave (iv) is still underway, as suggested above and in our Daily Gold Chart. 

We expect further weakness as wave *v* continues to move lower.

Active Positions: Long, with puts as our stops!          


Silver 

Please click this link to view the Captain’s weekly silver chart. Double-click to enlarge it.

Please click this link to view the Captain’s daily chart. Double-click to enlarge it.

Analysis:

Wave iii ended at the 121.65 high, and it looks like wave iv has become more complex and is still underway, a shown on our weekly chart. 

Within wave iv, we appear to now be working on a double 3 wave corrective pattern, as follows:

(a) = 64.06.
(b) = 96.44.
(c) = 60.97.
(x) = 89.39.
(a) = 54.77.
(b) = 71.20.
(c) is still underway, with a minimum target of 54.77, to complete all of wave iv. 

Our last retracement level for wave iv is:

61.8% = 57.32.

After wave (ii) ends we expect a very powerful wave (iii) of iii of 3 rally that would see silver head to the $300 level, before it ends.     

In the short term, we expect further weakness, as our second wave (c) ends. 

Active Positions: Long through PSLV:TSX and silver futures with Puts as our stops! 

Special Subscription Offer: At $99/mth the Captain Ewave newsletter value is superb, and we have a special offer this week of just $199 for a three-month subscription. Investors get six updates a week from the Captain AND his key signals for the market… when he issues and acts on them himself. Send us an email at admin@captainewave.com or click this link and we’ll get you on board! Thank-you!


US Dollar

Please click this link to view the Captain’s weekly US dollar chart. Double-click to enlarge it. 

For the daily chart, please click this link. Double-click to enlarge it.

Analysis:                            

We continue to work on a very large wave B bearish triangle and within that triangle all of wave ^c^ ended at the 114.75 high. We are now falling in wave ^d^. 

Our internal wave structure for wave ^d^ consists of at least 2 three wave patterns as follows:

a = 100.35.
b triangle = 102.78.
c = 98.94.
x = 110.02.
a = 96.00.
b = 102.74, if complete.
c drop, after wave b ends.

Our second wave b, as it has become more complex (internal wave structure as shown in our Daily USDX Chart), with retracement levels, as follows:

50% = 103.01
61.8% = 104.66.

We are still a bit short of our 50% retracement level, so we expect further gains in wave b, before it ends, although we cannot rule the possibility that wave b ended at the 102.74 high. 

We did have a key weekly reversal lower this past week.                             

Active Positions: Short, risking to 105.00!

Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our free “Rates, Oil, & Stock Market Crash!” report. The Captain highlights key wave counts for rates and oil that look set to create a massive US stock market crash!  Solid investor tactics are included in the report.

Thank you,

Captain Ewave & Crew

email: admin@captainewave.com
website: www.captainewave.com

Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You also agree to bear complete responsibility for your investment research and decisions and acknowledge that captainewave.com has not and will not make any specific recommendations or give advice to you or any of its clients upon which they should rely. captainewave.com suggests that the client/member test all information and trading methodologies provided at our site through paper trading or some other form of testing. captainewave.com, its owners, or its representatives are not registered as securities broker-dealers or investment advisors either with the U.S. securities and exchange commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility.

All information posted is believed to come from reliable sources. captainewave.com does not warrant the accuracy, correctness, or completeness of information available from its service and, therefore, will not be liable for any loss incurred. Due to the electronic nature of the internet, the captainewave.com website, its e-mail & distribution services and any other such "alerts" could fail at any given time. captainewave.com will not be responsible for unavailability of use of its website, nor undelivered e-mails, or "alerts" due to internet bandwidth problems, equipment failure, or acts of god. captainewave.com does not warrant that the transmission of e-mails, or any "alert" will be uninterrupted or error-free. captainewave.com will not be liable for the acts or omissions of any third party with regards to captainewave.com delay or non-delivery of the captainewave.com nightly emails or "alerts". Further, we do not receive any form of payment or other compensation for publishing information, news, research or any other material concerning any securities on our site or publish any information on our site that is intended to affect or influence the value of securities.

There is no guarantee past performance will be indicative of future results. No assurance can be given that the recommendations of captainewave.com will be profitable or will not be subject to losses. All clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. The hypothetical results on this website are based on the assumption that the client buys and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices.

321gold Ltd

1014