Gold has been diverging a bit from its average price movement looked at yesterday, with current price overlays here:
Also mentioned yesterday though, there’s a decent chance at Wednesday hitting the weekly low in Gold like so:
Although Gold hasn’t followed this movement as closely either, one of the best fits for Gold’s current price movement also has a Wednesday tracking downward and making even lower lows on Thursday:
All three models are in agreement that Wednesday shouldn’t take out Monday or Tuesday highs. A profitable, short-term trade could still materialize in the latter part of Wednesday.