Gold: The Clearest Short Setup Among Precious MetalsGoldOANDA:XAUUSDkventinkaA bearish picture is starting to take shape. Yesterday, I was stopped out of my long platinum position, and today the metal is beginning to roll over. At the same time, I’m also seeing signs of weakness on the daily charts of EUR/USD and GBP/USD, which could point toward further U.S. dollar strength. That makes me think we may see the DXY continue higher, and a stronger dollar could add pressure to precious metals. And to be fair, after the recent rally, a healthy correction in metals would not be surprising at all. That’s why I’m now considering opening a short position in gold. Out of all the metals, gold currently offers the clearest entry point for me. Price has already broken below the recent low and moved through the 4,385 area, which suggests that downside momentum may be developing. My initial downside target is around 4,250. I think that level is quite realistic if selling pressure continues. For the other metals, I would prefer to wait for clearer confirmation: Platinum: short only below 1,710 Palladium: short below 1,340 Silver: short below 64.20 The problem is that by the time those levels break, the entries may already become less attractive from a risk/reward perspective. So for now, gold is the short setup I like the most.