Tonight is big.
The chart is self explanatory,
I have started taking out my long positions and accumulating shorts.
Though the bull run remains strong and just because of one candle down, it does not signal a crash.
TBH, there are a lot of reasons for gold to run hot in the past month, to me it was USD weakness that attracted the first wave of speculative buying and then shorts to cover.
This is a channel dating back to the summer. If it breaks upward I will take out my shorts.
The issue is that shorts need a strong dollar.
That has been stiffled by PBoC selling at night (PM me for details)
HP