Bear miners play
The 3EMA and 10 gap is becoming too great. Price needs to check in with the 10 daily with a bounce or sideways action. After that miners and gold will determine the direction.
Side note, miners have been ultra choppy.
Gold is oversold on daily chart. IT's had a long bull run with little to no correction. Gold made a doji above the 50 SMA daily. If gold is bull still then it would go positive over the doji and miners should go bull.
My short term plan is sell dust if gold nears 1240-1245 or stop if gold goes 1260. I would think Wednesday to show some more bull gold for the FOMC and this would tell a story of gold's overall bull or bear direction.
Traders need to keep in mind anything could happen and it's our job to decipher that information.
See what happens next....