Gold looks to be going into a bear market. I made the point here that it was forming a H&S top in the Euro. Unfortunately as a US citizen, I can not trade that chart. It made a small H&S continuation pattern which I shorted.
I got stopped out for a small loss a few weeks back.
I just missed the massive breakdown. Gold looks like it is going to the low 1600’s.
Today’s price action puts it far away from an entry point on the short side for me. Possibly on a bounce, I will add a small short position.