$Gold - NOT a head and shoulders yet

Great example of why waiting for the momentum is so important.

Right now, the trade plan makes sense from a technical perspective but as long as 1245 holds, there is no reason to sell.

Price has bounces multiple times here.

Price made a lower high but NOT a lower low yet and price is trading just at a previous market top. A break below 1245 could mean more selling. A bounce will cancel this trade idea.