Gold gapped down, but the GLD ETF is a very gappy chart, so we need to be cautious about how much weight we give to gaps. That being said, gapping down is quite bearish.
However, after a trip down through the 8ema, price rallied back up and closed over the 8ema. This tells us to stay in the trade. We'll see how things develop. Anything is possible no matter what the candlesticks and patterns show us.
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