NIce Price Action in Gold

For the past year, gold has been trending downward in a textbook linear regression trend channel. Take a look:

Notice how the price keeps hitting the top of the channel and then quickly falls back down. It might be a good time to short gold given that it recently bounced off the top channel again. I'm tempted to short here and set an exit target around $725...there seems to be a congestion area at that level.

Good luck out there.

TLT