All the metals, copper, silver, platinum, gold have reached over sold positions.
gold is representative.

June Gold Futures
long term –
in two trades:
short in the long cycle from 1142 to 857;
but inside the short trade in a long retracement uptrade from 1135 with 1228 as the next target.

Daily –
in a long trade from 1112 and have reached the second target. the next up target 1189.
the pullback did touch the short entry of 1126.
but now we have a new shorter cycle trade entry at 1145 to 1167.

time pressures are about to turn up. trade pressure is up.