Gold and silver: projecting major lows II
Silver and gold: nothing new.
...main counts and target projections to the downside remain intact and I can hardly add anything regarding small time frames.
I keep closely watching 13.62 level - the 2015 low. I anticipate this level will be breached - and this would be the reason to come up with some assumptions on further development in metals (please note the green A - B - C count on the daily chart in silver).
Gold: 1187 - 1175 is next target in gold (red wave (iii) of 5 target zone). Below 1220 region I do not see any issues with decline scenario targeting to 1143 - 1150 area.
Silver: 13.57 target region remains in the cards (less likely option - direct extension to 13.13 region). Below 14.29 I have no any reasons to question this scenario.