Johno, shorting gold? Really? How come you haven't got 20 thumbs...

Johno, shorting gold? Really? How come you haven't got 20 thumbs down for even thinking about it?

But seriously, your guess is as good as mine. There is the small matter of the rising MACD on the gold daily chart, as well as the US dollar breaking support.

But it's a good set up from some other angles, e.g. close to a resistance level that can be used as a tight stop. Follow your instinct and good luck.