NEM to go down

Gold has been doing well. Newmont Mining (NEM) being one of the gold miners has seen a decent rally too.

NEM is overbought on the daily with a RSI over 70.

As we can see, we approached a diagonal downsloping trend line. There has been multiple hits on this trend line.

I expect NEM to pullback from here in the short term to about 28 dollars which would then be a buy opportunity again.

(I do not do any short trades, only longs)