This chart has only up to last night’s close. Let’s see where it lands this evening. It’s at $1131 right now after making a low of $1125.50 earlier today according to Kitco. That is above the recent low of $1124.30, as it should be if the slope of the fork is to be maintained. It’s either a great buy point or the calm before a collapse:

If I could have been bothered, I would have gone long near today’s $1125.50 low with a stop loss just below the recent low of $1124.30. However, I couldn’t be bothered.

There is always the possibility of a flush below the bottom blue line and then a retest of the line in a few days time to save the day but any intra-day move below the line that does not recover by the end of that day would be very bearish, surely.