Currently: Short Looking to: Cover @ 1,176
As of 11/2/18 close: 1,230.90
Last week, I suggested shorting near 1,237.90 with stops above 1,239 and with a target of 1,176.
Gold has tried and thus far has failed to eclipse key ABC correction resistance at 1,237.90. As long as that ceiling is not broken, the bears have to be given the benefit of the doubt.
I would continue to get / stay short as long as 1,237.90 holds as resistance. Look to cover down at 1,176. Buys can be made down there as well.