Gold is frustratingly slow at the moment and seems to be following it's own course. Overdue US stock market correction should give it some impetus.
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Overnight low of 1260.70 pierced the long-term uptrend line from the December 2016 low but held the line.
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Sentiment turning bearish with 200MA broken. Gold is looking very tenuous here with no willingnesss to break to the upside.
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A break down to the bottom channel of the pitchfork and/or the multi-year downtrend line looks quite feasible.