A five wave decline since the 11.855 could be in place (see the weekly chart above). The momentum indicators confirm a possible bottom in place, as they both displays a positive divergence.If we zoom in on wave 5 down (see the chart below). Again we have a clear five wave decline from 8.0840 down to 6.5165. The momentum indicators again confirm the bottom due to the positive divergence and at the same time the MACD has broken above "0" and the Stoch. has rolled over pointing clearly upwards.
This might be an indirect indication, that gold, silver and copper is topping.
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