Currently: Short Looking to: Cover @ $1,253
As of 5/13/19 at 12:26am EST: $1,284.15
LAST WEEK: We suggested covering shorts at $1,253 and getting long down at $1,245.90. We suggested shorting bounces to $1,296 ahead of the rest of the downside.
UPDATE: Gold is still trading below key resistance at 1,296 and appears poised to move down to at least 1,253 and possibly down to 1,245.90. Were sticking with the call from last week.