Currently: Cash Looking to: Short @ 1,519
As of 9/27/19 close: 1,503.45
LAST WEEK: We suggested shorting bounces to 1,532 with stops above 1,537 and with a target of 1,452.50.
UPDATE: Honestly, gold should not have traded above 1,537 last week. But, it did and should have stopped you out of shorts. Very sorry about that on our end!
The chart here shows Fibonacci retracement lines applied and it gives us a 61.8% resistance at 1,540.61 which would have been THE key level to monitor not 1,537.
Try re-shorting near 1,519 with stops honored on a close above 1,525 and with a target of 1,427.