Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then. To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the support is building in week13. Gold unfolding this move below the 442SMA though.
ST structure in week13 looks good for a pull back but Gold is still inside the violet descending channel (the handle or flag) and it is not bouncing.
That is what is puzzling me most. The fact that nor Gold nor Silver are pulling back which make me think that a failure and a breach of the support may extend the correction of the Bull Run started mid-Aug'18.
Thank you for your support and for sharing your ideas.
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