Need a bearish confirmation to validate this idea. But as we can see after it shoot up to his higher price. Now maybe we can expect it to go down lower
After it broke the trendline last week. This week it forms a consolidation and broke the support level at 135.528, so next week i expect to move it lower and reach the another support level from the trendline at 132.124.
Gold has break the highest price from 2011 and now retest it. And we can see from fibonacci it retest the 38.2%. So look for breakout next week and go for long