Currently: Short Looking to: Cover @ 1,453
As of 9/16/19 @ 12:00am EST: 1,510.55
LAST WEEK: We suggested shorting at 1,563 with a target for covering at 1,477 and with stops above 1,565.
UPDATE: Gold pulled back to the first Fibonacci retracement support at 1493.75. We feel that after a bounce, more downside will play out. The next supports come in at 1452.50 and 1419.15.
We would be shorting bounces to 1,532 with stops above 1,537 and with a downside target at 1,453. We would look to buy gold down at 1,419.15 with stops set at about 1,402 and with an upside target of 1,771.