10% short 1228 stop 1250 on close.
Cheap and sound.
Make or break.
if it goes through stop on close, Gold is probably out of the woods.
if it fails from here, next target 1000 and maybe lower.
the SNB news could be important. Zero rates or even negative rates globally removes one disadvantage of gold (it does not pay dividiends or coupons)...
you have to be disciplined with the pivot... above 1236.. consider longs.. below consider shorts... and you hope it does not swing through many times.