Currently: Short Looking to: Cover @ 1,698
As of 7/24/20 close: 1,900.30
LAST WEEK: We suggested shorting at 1,898.80 with stops on a daily close above 1,902 and with a target of
1,568.
UPDATE: Gold made it up to the higher of our two projected targets at 1,898.80. We expect gold to top out
here / near here and pull back to one of three possible targets 1,698, 1,567 or 1,473.
Adventurous sorts can look to short gold at current levels with stops honored on a close above 1,910 and with a downside target for covering at 1,698. More conservative investors should look to get long at 1,698
with stops on any close below 1,690 and with a target of 2,000.