Metals are in sharp sell-off as the US dollar turns higher with yields following Biden's decision to renominate Jerome Powell as Federal Reserve chairman. Gold underwent a sell-off through the $1830 level, where broken trendline support suggests that the market is in impulsive decline.
Gold is a trading lover from the upper side of a triangle range, so it appears that wave D) is finished and that market is already in a wave E) pullback that can stop after three wave drop at $1720-$1760 area.
Silver is trading lower on the 4-hour time frame from $25.40 resistance, much more than we thought, so it appears that metal is in a higher degree three-wave drop. Ideally, that will be an A)-B)-C) decline, either a corrective one down to 23.00 support or maybe even as part of the final leg of an ending diagonal pattern that can retest September lows as shown on a daily alternate count.