The 1300 level might prove difficult to regain for any decent length of time, and the steep rising channel gold
has been in these past few weeks of domestic political chaos and tensions with DPRK seems vulnerable to any hiatus. Add to that the triple top which looks like holding and the confluence of fiblevels with support targets below and the short side does look quite attractive. Wait for the lower channel support to break, preferably off a further retest of the triple top resitance overhead, as the CCI
is overbought and the RSI
moves into overbought territory but the MACD
is still going strong. Bollinger Bands
have been narrowing since August 8 but that looks like it might be about to change.