Currently: Cash Looking to: Short at 1310
As of 1/4/19 close: $1,286.65
UPDATE: Last week, I suggested selling longs / getting short at 1,295 with stops honored on a daily close > 1296 and with a target of 1259.
Looks to me like gold is wave iii higher with target resistance at 1,310.29. I am expecting a pullback to
either 1,285, 1,270.65 or 1,258.10. From that wave iv low, we should see another $60 rally.
I would sell longs up to 1,310 and would look to short at 1,310 with stops > 1,313 and with a downside tgt of 1,259.