Near Term Trend: Neutral / Bearish
As of 6/22/18 close: 1,271.10
Last week, I suggested shorts at 1,290 with a stop above 1,296 and with a target of 1,261.
Gold got hit again last week as the US Dollar ran up to resistance at 95.10. Once the greenback peaked, however, gold seemed to have simultaneously bottomed. Probably best to cover shorts even as my 1261 target wasnt quite hit.
I would cover shorts now and try to re-short up at 1,312.50. Honor stops on a daily close above 1,315 and use 1,261 as a downside target.