Currently: Short Looking to: Cover @ 1,477
As of 9/8/19 @ 11:47pm EST: 1,517.75
LAST WEEK: We suggested shorting gold at 1,563 with stops > 1,566 (monthly) and with a 1,415 target.
UPDATE: Gold futures are pulling back towards either 1,477.25 or 1,422.25 support. An extreme pullback in the
current environment would be down to 1,377.75.
Look to cover shorts down at 1,477. If looking to short, try doing so on a test of 1,563 ahead of the drop to
support. Honor stops on shorts on a close above 1,565 and look to cover at the first projected support at 1,477.