Currently: Cash Looking to: Short @ 1,483
As of 12/8/19 as of 9:55pm EST: 1,464.05
LAST WEEK: We suggested shorting gold at 1,483 with stops above 1,485 and with a 1,432 target for
covering.
UPDATE: Gold hit the short-side entry at 1,483 and almost broke above the stop-loss trigger at 1,485. But,
the bulls failed to close the deal on that breakout. Gold once again appears headed down to our targets at either
1,432, 1,399 or 1,396.40.
We would sell any bounces to 1,480.20 with stops honored on a daily close above 1,485 and with a target
for covering at 1,432.