Near Term Trend: Neutral / Bearish
As of 11/17/17 close: 1294.40
Last week, I suggested selling bounces to 1,288 with a target of 1,211 and with stops above 1,289.
Gold rallied through the 1,289 projected resistance level on strength in the euro / weakness in the US Dollar. Technically, there are still two possible ceilings gold could run into short-term 1,297.60 and 1,306.40. Id bet on resistance holding.
I would be selling at 1,297.60 with stops on a close above 1,299 and with a downside target of 1,211.