Currently: Cash Looking to: Buy @$1,238.70
As of 12/7/18 close: $1,252.60
UPDATE: Last week, I suggested shorting near 1,246 with stops above 1,247 and with a target of 1,180.
Gold broke out above the last line in the sand resistance for the bears this week (on the daily chart). The next two targets for gold based on the pattern development are $1,278.40 and $1,291.60.
I would look to buy gold on a dip to $1,238.70 with stops on a close below $1,233.80 and with an upside target of $1,278.00.