• Gold topside momentum fading after another failed break above $4400

• Sharp rally in recent weeks argues for a consolidation phase here

• Eyes on the close - a break below $4358 would print a bearish key day reversal

• Bearish key day = higher high, lower low, close under prior day’s low

• Confirmation opens the door for a move back sub-$4300
GOLD CHART


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))