The market drove the gold price down and closed below the open price of previous .
This is the first sign of movement. It is also found near the in mid-June 2018. Therefore, it makes sense for a technical correction.
Conversely, this Australian gold mining stock SAR behaved very well from the of December, the price has shooted more that 36%, and closed at the top of the resistance of the orange channel.
Because of the Australian market closed earlier than US market. There is no sign of reversal.
We need to see the opening price on Monday carefully, watch out below patterns, you need to prepare an exit, as the gold price is retracing possibly back to any golden ratios.
Dark Cloud cover,
One Black crow.
Thanks for reading.