Today Technical Analysis: Gold Falls More than 5% in Largest Daily Drop Since 2013

From startrader.com

Dow Jones shows a clear uptrend on the hourly chart as prices are forming higher highs and higher lows. The 5-period and 10-period moving averages are flattening slightly above the moving average MA(30), showing short-term consolidation after a strong bullish run. The 30-period moving average continues sloping upward, confirming that the overall structure remains bullish. MACD lines are above zero, but the signal line crossover suggests a loss of momentum. If price holds above 46,800, it could push further toward 47,200–47,500. However, a break below 46,600 could trigger a correction toward 46,000 before the next ... (full story)