In our earlier analysis we adviced you to buy untill the resistance would be seen. This is a good example of a powerfull resistance. We can see a daily combined with a serious confluence of divergence (both and ) at the monthly .
Our short was queued at the resistance, but we always want you guys to play safe. Catching tops and bottoms is not easy, but it sure is lucrative.
Therefor our bias on gold changed to short, we are already shorting since the top with floating profits. It's not too late for you to join when it retraces some (We can't ensure there is a room for retracement left though).
Check our previous gold ideas to see we are not back-editing. It was all forecasted by us.
Good luck and don't forget to give us a thumb if you like our analysis!
Yen futures down, USD up, gold down, which is good for your gold short
take note of the big pennant in USD index, the finger points to potential resistance when price reaches there