We got ECB set, and USD moving steady as planned. Oil
is setteling as well. All this gives gold
price a reason do decline. Daily chart
shows a big Engulfing candlestick
, which is a quite negative sign, -with shadow outside the upper Bollinger band
as well. I would wait to see how the price behaves closer to the middle band, before going long which is the main uptrend here. Gold
got quite some catch up after all the USD rent anticipation in 2015.