Near Term Trend: Neutral / Bearish
As of 12/1/17 close: 1283.10
Last week, I suggested selling selling longs at 1305, getting short at 1314 and covering at 1211.
Gold is setting up for what could be a nasty decline. In the more bullish case, the range of support for gold comes in at 1209.50 1231. However, if things get real nasty (likely if US rates shoot higher sending the Dollar higher vs the euro), we could theoretically see 1145 tested.
I would short bounces to 1292 with stops above 1294 and with a target of 1210.