Gold traded lower on the 4-hour chart with five waves to the $1750-$1760 area where the yellow metal found some support which has been expected based on divergence and ending diagonal in a fifth wave.
We assume that wave A) is finished and that market is headed higher for wave B). The resistance for the next sell-off is $1815.
Silver has bounced off the $25.40 resistance, and headed much lower than we thought. It appears that the grey metal is in a higher degree three-wave drop.
Ideally, that will be an A)-B)-C) decline, either a corrective one down to the $22-$21 support zone or maybe even back to September lows as part of the final leg of an ending diagonal pattern.
Wave A) can be now approaching the end, so after a pullback in wave B) with resistance around $23.70 level, watch out for more weakness within wave C).