Near Term Trend: Neutral / Bearish
As of 7/6/18 close: 1,255.90
Last week, I suggested covering shorts and getting long with a target of 1,294.70 and with stops on a close below 1,245.
Gold dipped below the support given last week, but has started to bounce modestly. Golds bounce should be faded ahead of more downside as the next move lower could be a powerful 3rd wave.
I would be looking to sell longs / get short up at 1,289 with stops on a daily close above 1,294.70 and with a downside target of 1,160.