(25 SEPTEMBER 2018)Gold spot ($):1201.00 expected.

Pivot (invalidation): 1196.50

Our preference

Long positions above 1196.50 with targets at 1201.00 & 1204.00 in extension.

Alternative scenario

Below 1196.50 look for further downside with 1194.00 & 1191.50 as targets.

Comment

The RSI is below its neutrality area at 50% but reversing up.

(By Swissquote TRADING CENTRAL)