Gold is more likely to retrace than make a lower low, but no top is confirmed; a break below 4600 support would increase pullback likelihood.

As far as gold is concerned, again, gold I I don't think has a strong potential for a lower low. Still within the realm of a reasonable possibility more so than I would prefer.

And I'm leaving that on the chart, but I think it's a bit more likely that gold just gets a retracement rather than a lower low. Now, I'm going to warn you I still have no indication that gold has even topped.

I need to take out the 4600 support for gold to make it more likely that we are in that pullback. And as you can see, I mean it's looking like we are getting a corrective pullback so far.

Could this be a one two to the downside? It could be, but I'm not I'm not I'm not jumping on that. Not just yet. I want to see how we get below support before I make any further determinations of bigger downside. For now, this is what I'm looking for.