Gold trading super heavy, if it breaks 1080 its going to 1040

FX:XAUUSD   Gold Spot / U.S. Dollar
1546 4
This looks super ugly, people have been so burned on people pumping up gold that if 1080 breaks there should be a great short to 1040 at least
Why 1040 ? I notice everyone says 1040 but there is 1055 weekly trendline . What is technical reason for 1040 ?
I want to know where to look out for bottom , thanks .
fatbeetrader poka.star91
honestly i think the bottom is much further...like in the 970's I'm just looking for the best place to take a long term short position which i think is on a break of 1080 :)
poka.star91 fatbeetrader
OK , but why is it clear sailing until 1040 "at least" . "at least" is your words ...
poka.star91 poka.star91
Just trying to get as much info as possible to aid in my decisions .
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