Gold Going Short ??
Potential Wedge, Look for a breakout to the downside below the 1351 price level, into the potential target zone of 1340.2 (target 1) .
Should the market continue its downward momentum, we should find out next resistance in the 1328.5 level (target 2) .
There after we could expect a pullback into broken resistance, the 1340.2 level...
Gold Riding The Bulls (1H)
Closing in the 1345 zone, Keep an eye open for a close above the level which could lead to a breakout into the target zone.
If Resistance is not broken and price is rejected we should keep our eyes open for a short into the 1341 area.
Should current momentum continue, we should see prices hit the target zone.
**currently...
