Alright guy, what I am trying to imply here is the possibility of the formation of a "Falling Wedge" bullish continuation pattern. If that is to happen, we shall continue to see bulls over-powering bears and following the design of an AB=CD pattern. If that is to happen we will see the breakout to D point but until that breakout occurs we wait otherwise we continue to our assumption of retesting 104.6.
To follow this idea we need a clear breakout of that upper resistance of the falling wedge, then we shall know about the position of C. And from C we can determine the target using the formula followed by AB=CD.
Note: If the breakout occurs from this falling wedge, it would imply that precious metals will continue bearish to lower targets!
Best of luck, Be patient, happy trading!