Gold opened lower today, then continued to trade weakly and drift down. On the daily chart, ma5 crossed below ma10, forming an initial dead cross; however, macd has not shown significant volume contraction. Also, last Friday’s close was a long lower-shadow doji cross. In the near term, we don’t overly expect weakness. Volatility is expected to be the main theme.



For short-term support levels, watch the 4058-53 area first, then 4030-25 and the 4005-4000 area. For short-term resistance, watch 4100 and the 4016-20 area. For reference only.
GLDX-1.13%
PAXG-1.07%
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