Gold price broke out of down trend this week and has shown a strong up movement to first strong resistance trend line at 1296 $ Expect strong sellers coming into the market.
-RSI is already in heavy overbought area in 1-4 H hour chart which brings sellers into the market -MACD baselines going to cross bearish which brings sellers into the market -open short if the next 2-3 hour candles close under trend line resistance, if the trend line doesn't break down next resistance is 1302 $