Gold starting to retrace, more to come

The Gold price looks to be topping out at $1920 in the short-term, and I expect to see a deeper dip in coming weeks. The move in the CHF will undoubtedly give Gold bulls cause for reflection, and I like the idea of booking some profits on longs and looking to re-buy on dips towards $1650 (where ACBs are thought to be buying). I don’t think its a good idea to go short however, the uptrend is still too dominant.