Gold has started to lose its luster as Donald Trump's chances for the presidency have deteriorated. The financial markets are looking for a big rally in stocks should Hilary Clinton wins and we are looking to capitalize on the opportunity to play an inverse correlation with XAUUSD here. A rebound and a retest of 1284 would be needed for us to establish short positions targeting 1278 initially. We are holding a tight stop loss at 1288.