The Gold Price technicals after strong $ 45 sell off

Short term view, gold dropped off friday after hitting a new all time high. Two simple technical points to consider are the Trend line and pattern development; if we do not make new highs within the week we could be in the process of building a short term head n shoulder pattern where spin could lead to pressure on both the neckline in orange and the trend line in red. If these are violated I take the view it would be a great entry point to dollar cost average for a run to $ 1,050.