Near Term Trend: Neutral / Bullish
As of 1/12/18 close: 1,334.90
Last week, I suggested buying dips in gold to
1,304.60 with stops below 1,303 and with a target of 1,391.70.
Gold futures continued their recent strength once again last week. They seem to be destined for higher prices at least up to 1,387 or 1,422.
I would be buying dips in gold (should they occur) at either 1,324.50, 1,308.60 or 1,295.90 with stops on closes below 1,323, 1,307 or 1,294,
respectively. The upside target will be 1,387.