Gold is a short - but plenty of opportunity for entry 1312-1320

Last week proved exciting for gold with a big move down and a break of the 4 hour trend line.

This week will offer plenty of opportunities for entry points, I will be observing the 1312-1320 area.

Not only is the RSI over sold currently, but previous trend reversals have not occurred in a single move. We often see multiple retests of the key support or resistance areas.

Gold is definitely a short - but patience is required.