curious - why short? occurs to me that gold and oil are the two strongest trends in the world right now. are you trying to trade pullbacks?
i read your idea. sorry - missed it the first time i dunno. i guess you might catch a pullback but personally, seems like a lot of risk. if somebody blows up an or oil line - which now iran and syria are on the fray in this whole israel mess - oil and gold are gonna go through the roof imo. good luck
looks like it has setup for a demark 9 day sell setup; would wait for a break of two day earlier lows to confirm.
Mark, Gold sure is not behaving like it is in a Bull market. I think there is some serious downside to Gold (upto 100$ +) With the news of War it should have crossed 750 by now. Looks like Gold is most probably breaking 540.