This is a really simple trade. Here is a weekly candle chart showing nothing but weakness. Gold failed to breakout on any time frame. Now, it is threatening two plus year support.
If the support breaks, and only if it breaks, take the short side of the ledger. Ticker: IAU iShares Gold Trust.
GLDIAUshortSPDR S&P 500 ETF (SPY) Trend Analysis

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