when i look on the bigger picture since the double bottom on 1678
i start to count wave, although the fib no suit exactly like i wane with the expension and the retracement.
this is a clearly middle of 3th wave or end of 4th
with fomc.. 1800+ look sweet
Gold started to tank on bond yields rallying. It's an inverse relationship and gold (markets in general) are sensitive to moves in US bonds/yields. Here's a look at the CME GC futures contract. Heavy volume:
Attached Image (click to enlarge)
US equities sold off at the open and haven't stopped. Selling started at the open about 30 mins after gold prices started dropping. Very heavy volume: