However, as a general rule, we want to sell with weakness in the background and conversely we want to buy when we see strength building.
A completed (we don't have the right shoulder yet) on GOLD would tick the box for background weakness.
Depending on how the possible right shoulder forms, we could consider a horizontal neckline at $1495. Alternatively, we may be faced with a downward sloping neckline, acceptable for a sell trade.
The best play would be:
1. Wait for the right shoulder to confirm
2. Wait for price to trade below the neckline
3. Sell off neckline resistance
4. Target $1440 for profit