Subject: Is Gold Topping — or Just Getting Started?

 x

 x

 

 
Hi reader,

 

Is gold topping now — or will it go far higher?

 

Most market analysis starts with news, narratives, and economic theories. Elliott Wave International approaches markets very differently — by focusing on price patterns, investor psychology, and long-term market structure.

 

Gold provides a powerful example.

 

After spending more than 12 years moving largely sideways, Elliott Wave International’s Financial Forecast identified an approaching wave 2 low in late September 2023 — a setup that historically precedes powerful wave 3 advances.

 

Just days later, on October 4, 2023, the Short Term Update highlighted a rare opportunity. At the time, data showed that roughly 90% of traders were bearish on gold.

 

Gold bottomed two trading days later, on October 6, 2023, at $1,810/oz (spot).

 

Since then, gold has risen to roughly 2.5 times that level.

 

The chart shows the timing clearly.

 

That brings us to today’s question:Is gold topping now — or is the larger wave structure still unfolding?

 

Rather than relying on headlines or consensus views, Elliott Wave International continues to track gold using the same objective framework that identified the last major turning point.

 

To help readers better understand what the waves are indicating now, Elliott Wave International is offering limited-time access to its flagship forecasting services for just $11 (normally $97).

 

The goal isn’t to chase moves — it’s to gain perspective on where markets may be within much larger cycles.

 

Get instant access for just $11! >>