The XAU Has An Upside Gap Created On Wednesday At 122.95

Shortly after the XAU fills it's upside gap at 122.95 (created on Wednesday) this Elliot Wave B short term upcycle (within a monthly downcycle) should peak, so a short term cycle high could occur today. The fact that NEM is underperforming the XAU by -0.25% right now indicates that the short term cycle may be peaking. The NEM Lead Indicator will probably be more bearish than that though if a short term cycle high occurs today. Stay tuned.