I mentioned a 1571.30 correction target a while back that would correspond to the 28.810 target billboarded in July Silver. However, if you extend June Gold’s downtrend in your mind’s eye, you’ll see symmetry proceeding not from the highest ‘A’, but from the one-off. It yields a ‘D’ target at 1574.30 that should be held as a minimum downside objective if Gold gets dragged down by a leaden Silver. The outcome could go the other way, of course, with Gold pulling Silver out of the hole. But it would take no less than 1685.50, creating a bullish impulse leg of daily chart degree, to sound the all-clear. The significance of this number is shown in the chart.
