For next few months, gold appears to be bullish to me. Price action just hit a KEY support area, noted on chart (Elliot Wave 4 (up), just started). Will be setting up bullish gold trades and believe $1,300.00 will be hit again in by end of June. Right now, RSI is going up, but still under 50. Price action for last two days was green, but still under 50 Moving Average. Find enough knowledge about everything you trade so that you can let profit run and stop your losses.