Gold and silver: projecting major lows
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Silver at the pivot support. Below 14.11 region we will most likely see acceleration to the downside within the wave v of (v) of 3. 13.90 SI is interim support.
Please note that this decline may reach the area where larger degree move down could complete and trigger a good rally.
Gold update has been posted earlier today (the red count is my preference): 1179 - 1187 region is the target now; to consider this scenario as a high probability I need a break below 1200 support region.
Larger degree scenario supposes a rally in the wave (c) of 4 yet to come.
Ideally, I see the following sequence in metals: wave v of (v) of 3 in silver matches wave c of (b) of 4 in gold (down), then wave 4 in silver rallies in lock with wave (c) of 4 in gold - and finally we get a flush in both in respective 5th waves.
This is just a guess for the time being - but it suggests nice alignment in metals before a major rally.
