Best Way to Trade the Gold Selloff

Gold has cratered along with the other safe havens. It has careened through the 1900 handle back down to 1800's, currently finding support at 1863, which is a strong technical and Fibonacci level. It appears to have completed the 5-3 Elliott Wave. Observe that even with this correction, gold can still be considered in a 'bull phase'. Especially considering the bounce it had off 1863. Current levels may make a good entry point for a long trade. We are right at 1941 at the moment, which is another technical and fibonacci level. A narrow stop would be good risk management. The next level above is 1975, but below we have a vacuum zone to 1906. The Kovach OBV has taken a nosedive, registering the selling momentum. It does appear to be turning, along with the Kovach Chande, suggesting that this bear phase may be ending, or at least coming up for air.