GOLD SHORT for short term

Hi Seildev here,

Looking closely at breakout of gold at 1247.63 for short:

- Between 1258~1263 critical point of reversals in the past (9 occasions since February 2016). This could indicate a start of a new downtrend.
- 1 hour RSI divergence

Target 1
- 1240.78

Target 2
- 1229.78

Trade with care