Currently: Short Looking to: Cover @ 1,512
As of 1/26/20 @ 7:57pm EST: 1,578.35
LAST WEEK: We suggested selling longs / getting short at 1,567 with stops on a close above 1,568.50 and
with a target for covering at 1,503. We noted additional resistance for gold at 1,576.25 and 1,585.
UPDATE: Gold is getting bought as a haven right now. However, its off the intraday highs. Technically, gold
had retracement resistance at 1,571 and 1,579 coming into the new week.
We would be selling longs / getting short at current levels with stops honored on a daily close above 1,581 and with a downside target of 1,512.