chartwatchers
Short

Gold is heading down to 1180-90.

FX:XAUUSD   Gold/U.S. Dollar
279 1 19
The channel is working nicely.
Now it's time to tag the lower trendline .
We had enough try to break up....
Bears are defending heavily the upper trendline with the 300.000 commercial short support...
DIP buyers are just buying every decline.
That's the reason is very hard to short gold now...
Even if we are moving down to the daily cycle low...
AT the beginning of next week I will try to close the short position ...
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