The gloom continues and the shiny metal is looking a bit dull at the moment

Well, I was totally wrong about a reverse today.  I was looking for a selling climax followed by a large up move breaking above the zone that was on the 30 min chart from yesterday.

I was watching price unfold around 2 am (London time) and it looked as if  it was a selling climax unfolding, but price continue down into the opening of London. It rallied around $25, to a new supply zone created during the down move and fell creating a new low.

Today's down move tells me not to look for a large reverse anytime soon, but it has created a great supply zone around the 1280 handle, and that is a target for short term buyers.

After the close of the COMEX, price kept falling, however, there seemed to be climactic selling breaking the earlier low, but being unable to close below it.  So, maybe there will be a buying opportunity soon, with a target of the afore mentioned 1280  supply zone.

Here are some screenshots.