(16 JULY 2018)Gold spot ($):Rebound in sight.

(16 JULY 2018)Gold spot ($):Rebound in sight.

16 July 2018, 10:25
Jiming Huang
0
50

gold

Pivot (invalidation): 1239.00

Our preference

Long positions above 1239.00 with targets at 1246.00 & 1248.00 in extension.

Alternative scenario

Below 1239.00 look for further downside with 1236.00 & 1233.00 as targets.

Comment

The RSI broke above a bearish trend line.

(By Swissquote TRADING CENTRAL) 

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