Short Gold @ 1224

We have a low base forming with a series of doji's. We have a huge red bar closing below which is a low close doji. This is a classic channel and break down. indecision has caused this to move sideways. We are also below the S1 pivot. All data indicates very bearish sentiment. Look for more downside. Equity markets are looking for a huge move higher!

SL: 1237
Entry: 1224
Target: 1205