Gold use seems to be making a Bear pennant on the 1 hr chart . Currently finding support at the 1 hr 200 ma and the 382 fib level and resistance at the 20 ma . If indexes rally on us open and we break down the target would be Each lower fib level and eventually the pennant pole target around 1480 . Quite a low risk reward trade as MA,s are so close with SL placed either side of 20 and 200 MA,s long or short . Personally expecting higher in indexes and lower in gold . Thoughts / Feedback welcome