Yes i am currently evaluating options and this could the scenario. I like to observe the SPY / GOLD correlation with my analysis and this tells me we currently in some kind of a "pause", in the first bearish scenario SPY fills the 167.11 gap, goes through and resumes at 161 ish or 157-156, arguments for this would be SLV and specific miners still looking very bullish on this pullback (over ma50 daily). This could push prices to 1470 on gold.
The second scenario would be a gap fill and bounce to 173 first target, making on the inverse correlation Gold prices bounce to test Ma34 daily (maybe even median BB) and come back further completing the pattern you are talking about. Arguments for this is current prices in Gold and miners violating simple pullback rules making them friendly to more down side.
A lot of other signs i am i am watching in the picture but all say the same thing : We don't know yet and as long as current levels hold, we have a small pause (pullback or bounce depending on ticker) and we'll see what comes next with price action coming.
I must say i am kind of lost with those mixed signals but i will be waiting for this pause to take any change in my current swings i have in the markets