Currently: Long Looking to: Sell / Short @ 1,809
As of 5/22/20 close: 1,734.70
LAST WEEK: We suggested selling at $1800 and shorting at $1860 with a downside target of $1700.
UPDATE: Gold futures ran into possible resistance (the first of two levels) at 1,738 1,740 in the last week and
have backed off initially. However, we still see gold rallying through 1,800 and testing the next projected
target at 1,809.
We would look to get long of gold near current levels at 1,733 or so and would look to take profits and get short of gold up at 1,809. Honor stops on shorts on a close above 1,815 and look to cover shorts down at 1,687.