During that same July, (14th to be exact) we posted this chart for G;
For a larger chart we refer to the blog itself. For the moment suffice it to say that given the “wedge” structure depicted in this chart the first target should be the level of the base, in this case $35. Today we have this;
We are at $38 , coming of a high of pretty well exactly $56 ,so we could be approaching an intermediate bottom of sorts soon. However if the big picture (see that blog) is anywhere near correct there could still be a long way to go ($19?). To simplify matters it is replicated below;
