GOLD analysis: Short at 1317 Stop 1325 Target 1265

GOLD Charts are forming a nice bearish breakdown. The downside is huge.

See below.

Not a system trade but just for manual analysis and trading.

GOLD has failed in its rebound to capture 1322 and we see the failure below 1318 as a initial thesis that this could initiate some liquidation in GOLD and it could fall below the 1280 lows.

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