Currently: Long Looking to: Sell @ 1,809
As of 5/29/20 close: 1,751.70
LAST WEEK: We suggested buying near 1,733 with a target for selling / shorting at 1,809.
UPDATE: Gold still looks like it can move up to 1,809 or so before we expect that a bit more of a downside
retracement might start. We are currently identifying resistance in the range of 1,809 1,855 and projected downside targets / support (following the test of resistance) at either 1,547 or 1,451.
We would look to sell longs at 1,809 and get short at 1,855 with stops honored on a monthly close above that
level. Ideally, try to cover shorts at 1,547.