Near Term Trend: Neutral
As of 5/18/18 close: 1,291.70
Last week, I suggested shorts at 1,324.60 with stops on a daily close above 1,327 and with a target of 1,278.
Gold finally broken down below 1,300 as I had put forth in recent reports. The drop stopped temporarily at 1,284 but I feel there is still some selling that needs to occur.
I would short bounces in gold to 1,310 with stops on a close above 1,313.40 and with a target of 1,260.