Gold Monthly Meeting Resistance

Here is a monthly gold chart squared to ATH. As illustrated, the gold price soared to the 15º angle line coming down from the ATH, and this is expected to attract some supply around this level. There's an increased risk of downside for long position holders, and significant reduction of short risk exposure might ensue if there's a sign of demand failure here. Looking for short entries makes sense at this point.

Trade active:

Short & 1459 with a 50 tick stop @ 1509

Trade closed manually:

A 0.9R loss on this one