(04 FEBRUARY 2019)Gold spot ($):The downside prevails.

Pivot (invalidation): 1319.50

Our preference

Short positions below 1319.50 with targets at 1309.00 & 1305.50 in extension.

Alternative scenario

Above 1319.50 look for further upside with 1323.50 & 1326.00 as targets.

Comment

The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL)