Gold Under Pressure - Too Many Goldilongs?
Gold technicals
Gold is putting in the biggest down candle in a while. Nothing huge, but worth watching, especially as gold is such a darling these days. The short term trend channel remains in place. Note we are touching the 21 day as of writing, but the bigger support is at $2600. 50 day is down at $2533. The negative divergence in RSI should not be dismissed.