Gold’s rally has captured headlines, but even in the strongest uptrend, there typically comes a mean reversion at some point. Recently, the Market on Close team flagged overbought conditions in gold and reminded viewers that 5–10% corrections are healthy resets before the next leg up.
During last Friday’s Market on Close livestream, John Rowland followed up by calling out a rare bearish candlestick for traders to watch, and highlighted the key technical levels for gold going forward.
