Gold is getting to the top of it's price channel and is currently at a resistance level.
Comment:
Price is still respecting channel, large wicking going on in both directions. In this situation I would wait for further confirmation from the price action before making a move, though the top resistance level seems to be holding.
Comment:
MASSIVE success! Price followed the analysis almost perfectly and shot down. Price is now at a support level, watch for a reversal.