Fresh near-term technical damage has been inflicted on the gold chart.

FORBES: Comex Gold Sharply Lower, At 7-Week Low, As More Near-Term Chart Damage Inflicted

Importantly, while some near-term technical damage has occurred on the daily chart for gold, the longer-term technical posture for gold remains bullish, as the longer-term price uptrend on the monthly gold chart remains firmly in place.

FORBES: Comex Gold Sharply Lower Again; Chart Damage Inflicted to Begin to Suggest Near-Term Market Top

Importantly, while some near-term technical damage has occurred on the daily chart for gold (see technical analysis paragraph on gold below), the longer-term technical posture for gold remains bullish, as the longer-term price uptrend on the monthly gold chart remains firmly in place.

FORBES: Comex Gold Ends Firmer, Near Daily High, Which Gives Bulls Some Encouragement