I had written a detailed post on this in the late NY session yesterday. It can be found here (Is this a selling opportunity in Gold?)
Gold clocked a high of $1274.79 and has cooled down now to $1263 (monthly 100-MA). Check this daily chart
- Chart clearly shows bearish price-RSI divergence building up.
- An NFP print in line with estimates/higher than estimates would be enough to push metal lower.
Key support levels
Key Resistance levels