Currently: Short Looking to: Cover @ $1,253
As of 5/24/19 close: $1,284.30
LAST WEEK: We suggested covering shorts at $1,254 and getting long down at $1,245 with stops on a close below $1,237 and with a target of $1,400.
UPDATE: Gold futures are taking their time, but they still seem to be destined for a test of at least 1253 and possibly 1245 in the near term. We would continue to look to sell rallies this time to 1289 with stops on a close above 1293 and with a target of 1253. We would look to initiate longs on an extended drop to 1245 with stops on a close below 1238 and with an upside target of 1400.