Has Gold Topped?

I think so---at least for the short term. Barring anymore QE rumors (which have already rallied the worthless metal about $100 in the past month, I think it's time for a break. My targets to the downside are as follows:

1) 1317 - 23.6% retrace of the move from 1155 to 1366
2) 1306.2 - the 50-bar DEMA which is currently at this level
3) 1286-1290 - 23.6% retrace of the move from 1044 to 1366 and 38.2% of the move from 1155 to 1366
4) 1261 - 50% retrace of the move from 1155 to 1366
5) 1254 - the 50-bar SMA which is currently at this level

See chart below: