Gold has been bearish earlier but flows can quickly change around the different session times, so for me current bounce is not a surprise. So far move up looks quite aggressive so it can be an early indication of a new leg higher, especially if we see 1257 overlapped. Our view on gold remains unchanged as long as pair trades above 1237.
Silver is like gold turning to the upside, showing first evidences of a complete higher degree b correction at the 15.88 level. If that is the case, then a five-wave rally can be in play for metal, above the 16.14 level. However, be aware of temporary pullbacks during the process.
