(09 JULY 2018)Gold spot ($):Supported by a rising trend line.

Pivot (invalidation): 1253.00

Our preference

Long positions above 1253.00 with targets at 1261.00 & 1265.00 in extension.

Alternative scenario

Below 1253.00 look for further downside with 1250.00 & 1248.00 as targets.

Comment

The RSI advocates for further advance.

(By Swissquote TRADING CENTRAL)