Gold - medium term move is negative, the short term move didn't go over the previous diagonal support, which is now a resistance.
Short term correction ends with a "morning star" and a divergence - a higher top of the price with a lower top of MACD, which is a possible reduction.
We may wait for a confirming signal from CCI when it goes under 0, to enhance the probability for a reduction.
The foundament is against the gold, which must reflect the monetary policies of Central Banks. Worse Nonfarm Payrolls data from USA supported the cold, but this is only a short term move.
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