Currently: Short Looking to: Cover @ 1,536.60
As of 2/13/20 as of 6:50pm EST: 1,580.45
LAST WEEK: We suggested selling longs / getting short near 1,576.91 with stops > 1,587.06 and with a
target of 1,536.60.
UPDATE: Gold futures are still seeing safe-haven buying. Gold may continue up to 1,587 and then we are
looking for a drop to either 1,530 or 1,510.
Sell longs / get short near 1,587.06 with stops honored on a daily close above 1,588 and with a target for covering at 1,530. We would get long at 1,510 with stops honored on a close < 1,508 and with an upside target of 1,641.