Gold is about to break downtrend line and then further continue the breakout in upward direction as per head and shoulder pattern. Wait for breakout confirmation before acting.
545 is a strong resistance and a reversal can be seen from that point and further channel brakout downward can possibly be seen. Or the current trading point is also a strong level 496.05 , Prices might/can reverese from here itself. One must not trade in the range 496.05 to 545 wait for downward breakout confirmations.
The candles have given the brekout and are about to test the resistance and then a huge fall can be anticipated. One must ONLY Short once the resistance is tested.. Near Around 35500
