Near Term Trend: Neutral / Bearish
As of 6/8/18 close: 1,298.10
Last week, I suggested shorts at 1,318.70 or 1,327.80 with stops above 1,320 or 1,327.80, respectively, and with a target of 1,260.
Gold is still working through its upside correction with the same targets as last week. Sticking with the call posted last week.
I would short gold at 1,318.70 with stops on a close above 1,320 and with a target of 1,260. If stopped, try again at 1,327.80 with stops above 1,329 and with the same target of 1,260.