#Gold has rebounded from the lower boundary of a descending channel after a sharp decline.
Price has recovered above $4,300 and moved back above the channel midpoint.
Channel resistance remains the key barrier. A break above it could strengthen the recovery.
Gold
5600$ ☑️
5000$☑️
4500$⌛️
4000$⌛️
3800$⌛️
The parabolic structure looks very clean.
The 5-wave move is complete and selling has started.
RSI also supports this.
A correction towards the 3,800 - 4,000 range (Fib 0.618) is very likely.
🚨COMEX SILVER DRAIN CONTINUES!
⚠️ANOTHER 769k oz of Silver Removed From COMEX Vaults Tuesday‼️
🏦COMEX SILVER DELIVERIES REPORT 🏦
🔥136,505 oz Adjusted OUT of BRINKS Registered🔥603,148 oz Withdrawn From CNT
🔥6,000 oz Withdrawn From Delaware Depository
🔥159,493 oz Withdrawn From JP Morgan
🚨TOTAL COMEX REGISTERED SILVER -136,505 to 78,347,462.573 oz‼️
🚨TOTAL #COMEX #SILVER -768,641 oz to 344,541,801.87 oz‼️