Gold Contracts $40 from Upper Trend Line

This daily chart for gold shows the contraction from the upper trend line today. Look at the blue circle above the green arrow at the top right. My previous post shows the magnitude of the pullback on the intraday charts. This one shows the contraction on the longer-term chart. The second panel also shows a bearish divergence on the volume indicator, and an overbought signal on the stochastic indicator.