Gold Technical Overview

[tommans]

On Friday the daily chart on Gold closed as a daily bearish candlestick. This has implication for the start of next week as the trend seems overdone.

[Dollar Boy]

Quite a nice engulfing candle we saw there, it did follow some downside movement from your post, big gap down over the weekend then new highs not being seen until weeks later.

Interesting to find out whether you were looking at anything else there to determine downside? other than the bearish candle.