Currently: Short Looking to: Cover @ 1,821
As of 11/20/20 close: 1,872.40
LAST WEEK: We suggested shorting gold at 1,894.40 with stops on a daily close above 1,896 and with a target of 1,820.20 for covering.
UPDATE: Gold futures are being pushed and pulled around by the constantly changing newsflow. Rising rates are weighing on gold while safe harbor and store of value perception / status are buoying it. Technically, gold has resistance at 1,882.50 and 1,923.40 and downside targets starting at 1,820.20 and ranging all the way down to 1,768.90. We would continue to look to sell / short gold at 1,882.50 with stops honored on a close above 1,885 and with a target for covering shorts at 1,820.20.