Gold closed sharply lower on Thursday and below this year's uptrend line crossing signalling that a trend change appears to be taking place. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible near-term. Closes below last Monday's low crossing would confirm a top and trend change has taken place. If it extends this year's rally, May's high crossing is the next upside target.
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