Currently: Short Looking to: Cover @ $1,261
As of 4/21/19 at 10:01pm EST: $1,280.15
LAST WEEK: We suggested covering shorts at $1,261 and getting long at $1,253. The upside target given for longs was $1,420.
UPDATE: No change to our outlook for gold this week. We are still looking for a drop to at least 1261.30 and more than likely down to 1,253.60. From wherever the bottom is established, we would look for a rally up to 1400 1420. We would be covering shorts at 1,261.30 and getting long at 1,253.60 with stops below 1,248 on a close. We will be trying to hold on all the way up to 1,400.