http://www.321gold.com/editorials/thomson_s/thomson_s_021814.html In the short term gold is massively overbought, from a technical perspective. Many gold enthusiasts became almost giddy with the prospect of an “ultimate bottom” being completed in the $1180 area. Gold could suffer a sharp and frightening sell-off right now, from this key sell-side HSR (horizontal support and resistance) zone. That decline would help create a large and bullish inverse head and shoulders bottom pattern.