dewpoint

Gold - sharp move to the downside, some room to even lower

FX:XAUUSD   Gold / U.S. Dollar
103 0 4
I'm currently flat on gold             , preferring the silver             short i took a couple of weeks ago, which I've closed out for now.
Sharp move to the downside and i think we have a bit to go before we find support, which i'm looking at the 1250 area, from there i would expect a possible re-trace back to the 1300 area, and at that point i will be looking to open new shorts but only at that point.
Longer term bearish on gold             , we could then see 1210, (1173).
Comment: Gold- still flat on gold, i'm now looking at a further downward move to the 1240 area, and at that point i will scale in a new long position, with 1/2 position at the 1240 level and another 1/2 position should it get to the 1230 level, with my exit target at 1398/1400 level.
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