Gold Hourly Followup

Action from the US Session Pretty much followed through from the pre-session analysis...
Hrly Chart:

Tough as it was to do, an Add to the short position on a break of the green trendline came god, with partial profits taken at level of head of second down arrow.
The Red dashed line is 50 percent of the perceived elongated s pattern depicted here (blue segments), and is the "ideal" conservative target based on historical observation of this pattern.
SHOULD price hit that level, there is a high possibility of a good bounce... or... smash through the congestion and make new lows.
Short term price action is suggesting Bounce more likely, with the potential for new highs to come.