Bearish signal indicating potential reverse

Price divergence, top of ascending trendline, exhaustion wedge formed at the top and psychological resistance level above (1320). Great potential to short gold

Trade ist aktiv:

Positions still active. Price invalidated my setups. I believe these bullish spikes is due to the raising uncertainty regarding the US Dollar and american stock market.
I still keep my initial stop-loss at 1330, I believe that the current bullish momentum may be pretty short-lived and that we will need to visit the lower 1300-area before the bullion gains more bullish momentum and start rallying.

I will continue keeping you guys updated on this post...