Near Term Trend: Neutral / Bullish
As of 4/22/18 @ 10:55pm EST: 1,335.20
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 have started to get hit by the strength in US interest rates and the US Dollar. Thus far, our call for downside to play out below 1,356 is holding true.
I would look to short bounces in gold up to 1,341.90 with stops on a daily close above that level and would continue to use 1,273 as a tgt.