Currently: Cash Looking to: Buy @ 1332
As of 6/24/19 at 1:09am EST: 1,405.95
LAST WEEK: We suggested covering shorts and getting long at 1324 with stops below 1322 and with an upside target of 1400.
UPDATE: Going into last week, we advocated selling / shorting at 1400. The monthly chart here shows a more bullish picture, though. This chart tells us that we may see gold rally to near 1500 even if this is just a long-term upside correction. Given that, we would be looking to buy dips in gold to 1332 with stops on a close below 1320 and with an upside target of 1498. We would only short gold up at 1498 with stops above 1502 and would hold for a while.