GLD is still comfortably within the falling wedge pattern and still somewhat above the 122.80-123 support level while SLV has now hit the S2 support level. I still favor a reversal from around current level although a continued move well beyond these support levels in GLD & SLV can not be ruled out yet. My plan is to add some more exposure to the metals and mining sector here with stops on a closing basis, should both GLD & SLV look poised to close much below these levels. Any solid move & especially a solid close below these support level will damage the near-term bullish technical outlook for gold & silver while one of the previously discussed longer-term bullish cases for gold still allows for another test of the mid & late 2013 double bottom area (including the possibility of a temporary break below).