Critical spot for Precious Metals. Does it need to cool off for this weekly cycle (continue downtrend since the blowoff top) or has the secular bull market trend already resumed. Week 10 of the Cycle, typically around this point is where you see what type of Translation the cycle has. Currently showing a Week 6 high, which would stick as the high, if the downtrend from Jan is in control. Otherwise if the bull is back, we should see a sharp upside move take hold now. Cycles that are in transition (Intermediate downtrend within a secular bull trend) are difficult for this reason, and one must have a completely open bias to both outcomes. This area offers a good long setup with a tight stop, and if it breaks down further, a good spot to lighten up on long term exposure looking towards Dec/Jan to reload.