Final Shakeout?

It is quite possible that the breakdown in precious metals is actually the final shakedown before the trend change and rally. Looking at the chart it is not hard to see what could very possibly turn out to be an inverted head and shoulders. If this turns out to be so then based on my projections the right shoulder should be around 22.74 with the neckline around 24.93. Initial bullish targets would be very close to 27.50