AfterMidnight
Short

Possible Turn for Gold 1320 – 1325

OANDA:XAUUSD   Gold / US-Dollar
Gold             has been on an amazing run lately and has reached a higher level than my previous forecast for a short area. I have highlighted the divergence on the 4-hour chart in light blue. A spike outside the Bollinger Band which creates a higher high could be a signal to short based on divergence with the RSI .

Short term targets would be the white dotted trend lines that stretch from the beginning and midway point of this rally.

If these break, a target of 1220-1210 is in place.
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