This can be viewed as a continuation flag pattern and also a double top (M) formation market There are pure divergence from the RSI and also a fall out of the ascending channel All this are confluence that the market will continue falling
Fundamental analysis: Remaining so bullish as long as my new Fib channel is not broken. (lower low daily candle below 1904-1909) 1. Equities market (US, Dax and Nikkei Indexes) will reach to theirs higher targets soon before the Q3 2020 review. 2. All markets now are correlated, a dramatic drop in Gold at the end of this month will not be positive for equities...
Gold has formed bottom 1267 for longer term uptrend, silver movement align with gold. Remains within falling wedge but likely see rally to follow. Gold.