Near Term Trend: Bullish / Neutral
As of 9/15/17 close: $1323.50 (- $5.80)
UPDATE: Last week, I suggested holding shorts until 1,304, covering and buying there with a target of 1,355.
Rates rising and money flowing into risk this week weighed down gold futures once again. The chart is telling me theres a bit more downside ahead before the next rally commences.
Id be covering shorts and gently going long at 1,311.30 and would buy aggressively if 1,304 is tested. The upside target will be 1,351.20.