This is normal. But don't wait for a big rally to 1300+ ...
We have maximum 7 days from now for a move down into the daily cycle low.
Today the dip buyers were buying gold as a backtest of the breakout.
As soon as bulls will realize that it's not a backtest but we are heading down to the 50 and to the , they will be trying to exit immediately. That will push price down to the or to the 50EMA into the DCL.
We will have a pop from the 50 as a start of a new daily cycle but that last daily cycle will roll over in 4-5 days and we break below the 50 and enter into the panic selling stage. That will take price down into the 5th daily cycle low at the 200 .
Time is too short for this decline. Today and tomorrow I would like to see a really serious and scary decline below the 20 EMA with the blood of the late bulls on the chart.
They must realize that got caught on the wrong direction.
To suck in retail traders...
THat's why the times of the pattern traders are over. The patterns alone are useless.