No new highs in Gold in near term.

FX:XAUUSD   Gold Spot / U.S. Dollar
386 2 12
Hi All,
Here are my thought on Gold             . I'm currently short and here's the reasoning - some notes are on the chart.
I basically revert to my original labeling: we have a completed impulse, I don't see a triangle any more, so we are in for a deep C wave.
Options are not good for Gold. The payout is miserable because of implied vol.
If that's the case, my GLD puts will pay.
Either way, I'm ready to go long when safe.
Looks good.
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