GOLD might ranging for sometime now.. Enjoy

#Weekly candle closes with long wicks in the both side, which indicates directional uncertainty.

# Price pulled back under the daily down trendline, with another daily close below the trendline, the latest breakout should be considered as a fakeout, as the trendline in weekly is still intact.

# Short position are preferred as the price continue to form lower lows followed by lower highs.

However, there are bullish momentum in smaller timeframe, so i am neutral on this pair now & wait for a better short opportunity represent itself..