Near Term Trend: Neutral / Bearish
As of 6/18/18 at 4:45AM EST: 1284.40
Last week, I suggested shorts at 1,318.70 with a stop above 1,320 and with a target of 1,260.
Gold broke down sharply on Friday easily slicing to new short-term lows on the way down towards our target area. A bit more downside likely.
I would short bounces starting at 1290 up to 1295 with stops above 1296 on a daily close and with a downside target of 1261 for covering. Buyers can start new longs near 1258 with stops below 1254.60 and with an upside target of 1310.