Gold recovered only 38.2% Fibonacci level ( peak 1792 usd / oz - lows 1180 usd / oz).
The signals are supporters of the gold price downtrend .
Appears 2 doji candle on the chart W1 . Plus the last week, the candle reduced to near 100 price amplitude .
If the Fed decides to narrow monetary easing package this month, this is a strong impact information to the price gold down deeply continues .
Personally I think the gold has entered a new wave discounts!
Our own job is to find a reasonably priced area to set long-term sell order !
This may be a hint for you
Sell limit : 1350 - 1360
Stop loss : 1370
Take Profit : 1275 !
Good luck ! :)
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