TheRealPeaches

GOLD: BULLISH WITH EXTREME CAUTION

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
We are losing momentum here in Gold . There is a tradable short opportunity soon.

I would hope for one more run higher before shorting, but we may not even get it. The trade also may not be as clean as one would like - I expect some choppiness at these levels.

My first target short would be the 1170 area, followed by a break of 1000 later in the year.