Currently: Long Looking to: Sell @ 1,828
As of 6/19/20 close: 1,756.50
LAST WEEK: We suggested longs at 1,677 ahead of a move to 1,850 playing out. Stops were set on a close below 1,674. Shorts were suggested at 1,920.
UPDATE: Gold futures are on the rise again and now appear to have 1,828.50 and 1,867.36 as potential upside targets. Once a ceiling is set at one of those two levels, we are looking for a pullback to one of four possible levels: 1,674, 1,554, 1,457 or 1,360.
We would hold longs until 1,828.50 and would then look to short gold at 1,867.36 with stops honored on a close above 1,875. The target for covering shorts will be 1,457.