(07 AUGUST 2018)Gold spot ($):Under pressure.

(07 AUGUST 2018)Gold spot ($):Under pressure.

7 August 2018, 15:10
Jiming Huang
0
44

gold

Pivot (invalidation): 1211.50

Our preference

Short positions below 1211.50 with targets at 1204.00 & 1200.00 in extension.

Alternative scenario

Above 1211.50 look for further upside with 1217.00 & 1220.00 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL) 

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