This is an interesting point for price;
We almost have a failed daily cycle and we broke a long-term uptrend line. This will make bears flock around gold .
However; The cycle is so far only ALMOST failed. And broken trend-lines occur often without being crucial.
The corrective sequence was quite brutal shifting sentiment to extremes. This is .
If EW sequence is right, this is a long position.
for details regarding the corrective ABC sequence.