Looks like a good time to go against the trend for a nice short
I think Gold will start to show price action similar to oil before it broke $100. I wouldn't be surprised to see price bounce around a somewhat wide range then rally straight through $1,000. As of right now, the weekly chart looks bearish to me and that is confirmed by the daily.
The weekly shows a doji after a strong rally, which is typically a stronger sign compared to a doji after a sell-off.
The daily looks like it ran out of buyers near $1,000. There seems to be somewhat of a graveyard doji, but that's not the reason I would enter. I would enter due to the lack of buying and if price crosses below the 8 EMA.
Thoughts?