Near Term Trend: Neutral / Bullish
As of 4/6/18 close: 1,337.30
Last week, I suggested shorts at 1,356 with stops on a weekly close above 1,358 and with a target of 1,273.
Gold futures bounced to 1,352 and change on Monday and faded throughout the week. Golds price is clearly tied to bond prices right now the charts for the week are very similar. Last weeks strategy stays in place.
I would continue to look to sell gold at 1,356 with stops on a wkly close > 1,358. Tgt is 1,273.