Were You Reading Us Then?
As you probably know, we turned bullish on gold in October 2023, when prices were at $1810 and 90% of traders were bearish. We’ve been keeping our subscribers ahead of gold’s moves every step of the way.
After prices skyrocketed the past couple of weeks, here’s what our January 28 Short Term Update had to say about the metal:
Market Vane’s Bullish Consensus for gold has never risen to 97%. It did so last night, breaking a record for this sentiment measure. The advance has gone parabolic with spot prices pushing to $5396.12. As noted, blow-offs carry higher than nearly anyone imagines. Buying this metal at this stage does not sport a favorable risk/reward profile.
Over the next two trading days, gold plunged more than 16%.
This is what Elliott Wave analysis is built for: cutting through noise, spotting shifts early and helping you stay ahead of the herd.
If you’re ready to stop reacting and start anticipating, now’s the time to get on board.
Through midnight ET on Wednesday, February 4, you can get 30 days of gold wave counts — plus silver, stocks, interest rates, the dollar and more — for just $11.
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