XAUUSD has wandered in the price range between 1300 and 1350 for a while. Historically, this range has been the top range for a couple of years. With a consideration of the macro-economic situations in the current world, it is less likely the top will be broken this time. (If it breaks, find the bottom of stock market and put your money there.) After a sharp increase in the price since last Dec, it is time for the yellow metal to have some fall back. The plan is simple. The historical top resistance band is between 1345 and 1375. Any position in this band can be used as an entry for low leveraged money. Another path is that, if gold continues to fall and break the support line at 1300ish level, which might not be very likely for a short period of time, the next rebounce close to 1300 resistance line is a good and safe entry point. Good for both high and low leveraged money. The current price is in the mid of the two resistance/support levels, not a good position to enter a trade. Also, be aware that the large speculation institutions might as well bring the price up again, quickly and vigorously. Please do not follow as it is their strategy to sell the long positions and enter the opposite. The first target for your short positions is 1250ish and the second is 1200 insh. Wish you all make fat money in the market.