Technician
Long

Gold: Potential Short Term Bounce

FX:XAUUSD   Gold Spot / U.S. Dollar
566 2 1
Gold             could be heading towards the top of the falling wedge pattern, as price formed a strong pin bar hinting rejection around the bottom of the wedge . A retest of 1295 swing high is likely.

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retracement of a 78.6% forming a nice cypher pattern agrees with your above idea
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Same picture as with silver. But at 1257 there is a descending Medium line of a Market structure. I hope that the price will not exceed it much.
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