Currently: Long Looking to: Sell @ 1736.05
As of 4/3/20 close: 1648.75
LAST WEEK: We suggested buying dips to 1588 with stops honored on a close below 1569 and with a target of
1791.
UPDATE: Its about time to load up on gold. The yellow metal is in the midst of a fifth wave higher with an upside target range of 1736.05 to 1806.60. The key question is, When to buy?. Right now, it appears like the ideal entry point would be on a pullback to 1619.60 although its tough to be that precise in this environment.
We would be getting long of gold / proxies close to 1619.60 with stops on a close below 1584 and with an
upside target of 1736.05.