high % Correction down -> more up & depending on success with fed QT, Trump tax plan etc we may see a huge move late 2017/early 2018 and forth. The priceaction which followed the breakout of the 7y resistance line was indicating a start of something big in the precious metals...
Look at closer time intervalls to time in a buy or short at 1295-1300 depending on breakout or not.
We have already a strong buy signal from 1260's but it is to be expected that the long support is hit on a higher timeframe