Currently: Cash Looking to: Short @ 1,337.8
As of 2/17/19 at 10:50pm EST: $1,327.95
UPDATE: Last week, I suggested adding shorts near 1,318 with stops > 1,325 and with a tgt of 1,286.
Gold futures are trading bullishly and appear headed up to 1337.80 projected resistance. This chart shows Fibonacci retracement lines from the November low to 1,338. From there we get pullback tgts of 1,308.50, 1,290.32 and 1,275.50 (highest likelihood target).
We’re looking to sell longs / get short at 1,337.80 with stops honored on a daily close above 1,340 and with a downside target for covering at 1,276.