We have a couple things going on here. First we have a pretty significant break of a trendline (torquoise) going back to early January. When you look at the chart you will also see that the 55SMA was broken and the 100 and 200 days are next (white and red respectively.
Clicking on the chart gives you a clearer view:
Cover half @ 81.75 area
Second target @ 78.62 area
Confirmations: Commodities (including Gold) showing topping.
Equities doing the same.
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