I believe wave (iv) bottomed along with the precious metals complex. Price action breaking out of the impulsive channel and there is a clear five wave count to the c wave.
Note the RSI maxing at wave iii. The extended wave v action was under a bearish divergence all the way to the recent top which is be expected (iii vs v). This adds more weight to this count
Note the RSI maxing at wave iii. The extended wave v action was under a bearish divergence all the way to the recent top which is be expected (iii vs v). This adds more weight to this count