Nice flag so it looks more down till 1220 around and than up to 1280 - 1300. Silver not really the same but it can come to 16,00 ma be a little more down but for physical buyer no problem only for small accounts. Silver is for me the better investment today cause it can't go to zero! So look at your plan what you trade.
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it's the same if 1238 broke dayli we see 1222 may be 1200 before up. So wait for next week and good luck
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Now we are under 1220 today. So it look's we see 1200. Than one more flag? for more down. I don't know it now.
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In the bigger picture i looked at Sept. candles. The rest of the year we never saw new highs till the end of the year. Not for everytime it goes but it's an good indicator for me and the cot data extreme too. So watch out and good trades.