H1 Gold Chart

18 May 2016

If we break 1274, possibly down as far as mid 60s; and further if Dollar breaks up past 94.80s. It's very possible 1288 and 1280 will be long gone in that case and gold will fall. It is also very possible that Dollar will come back down short term retesting 92.00. And gold would hit top of channel at 1320s. Market is very uncertain right now. I am short from 1280 currently. We'll see how it plays out in the next few hours. Don't plan to be in this short for any length of time.