The metal has bounced up to 5 8ths of the June-July move down and may be (MAY BE) subject to some profit taking in the short run. This is the difficult of bear market rallies – it is hard to evaluate when they may start and when they have ran out of steam!
Disclaimer> This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your own risk management decisions.