Anand Shah
Short

SELL GOLD 1325 TARGET

MOEX:GOLD1!   None
203 4 1
weakness reasserting itself in the gold             market .. consolidation breaking down .. SELL.

gold             bugs are being squished!
yes, the move higher yesterday made me think it was break higher, but as weve seen in that 'pennant' you have spike highs which can throw you off balance ... the MA you used shows a clear trend lower and the MACD approaching the 0 line is interesting too ...
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Gold looks to be heading lower. There is just no upside momentum. Hard to be a gold bull.

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agreed its messy ... and gold broke out of it on the upside so i think this idea is redundant as of today ... do you have an alternative view of gold from a technical standpoint?
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Not sure about this pennant. It is not well defined. Gold looks is pointing higher
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