Gold and silver futures

Gold: decline is looking exhausting - but not done yet, imHo. I personally would prefer seeing gold hitting the major Fib support region at 1734 before reversal to the upside and rally to at least 2007 in the wave (B) (alternative target is 2217 area).

As for the signal lines on the option 1 Micro chart - below 1780 I could not consider wave (c) of the circle ii bottomed.

Silver: decline is unfolding as the Option 1 Micro count suggests; my ideal target remains the 21.05 support region (Option 1 counts), and alternatively, I allow some sort of a bounce at 21.74 Fib support region (suggested by the option 2D chart).

As a side note: my next turn date when the metals could bottom and turn up big way is Sept. 27th +/- 1 trading day.

GCZ1 - Option 1D - Sep-20 0905 AM (1 day)
GCZ1 - Option 1D - Sep-20 0905 AM (1 day)
SIZ1 - Option 1D - Sep-20 0904 AM (1 day)
SIZ1 - Option 1D - Sep-20 0904 AM (1 day)
SIZ1 - Option 2D - Sep-20 0904 AM (1 day)
SIZ1 - Option 2D - Sep-20 0904 AM (1 day)
GCZ1 - Option 1 Micro - Sep-20 0905 AM (1 hour)
GCZ1 - Option 1 Micro - Sep-20 0905 AM (1 hour)
SIZ1 - Option 1 Micro - Sep-20 0904 AM (4 hour)
SIZ1 - Option 1 Micro - Sep-20 0904 AM (4 hour)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.