Short mini-Gold at $897.10

[][]Gold broke \$900 but can't seem to hold. High was \$916 today and then lost like \$28 points in 7 hours. Daily chart shows two tail from past two days. Volume is also a higher today on a lower close. Stochastic and MACD looks to be turning down.

Perhaps I could have waited til the morning to enter the position. The 60 min. chart shows the price is going up. So I could get a better price. I'll wait this out and not watch the price so often since this is suppose to be a long term trade. Target price is \$865, previous consolidation. I'll add another position if it plays out well. We'll see tomorrow. CPI is coming out in the morning.

[]: http://bp1.blogger.com/_Vlx60iTPx5s/R413XvY4umI/AAAAAAAAAGk/9FMLbhI8XK8/s1600-h/gold.jpg