Chart via tradingchannels.uk. He’s laid out these turns like a map. I think this is the gold bulls greatest hope. There is glaring gap that needs to be filled at some point. I’m expecting a retest of 1240 in gold and then down, but if this gap fills in usd/jpy I believe we’re going to be testing 1280 again

Also if anyone has any COT analysis, I would love to see it. I believe this was the longest consecutive losing streak for silver ever. That must have some impact on the COT

Also I think the ideal scenario for gold here is a slightly lower low and then reversal.