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

Pivot (invalidation): 1310.50

Our preference

Short positions below 1310.50 with targets at 1299.50 & 1295.00 in extension.

Alternative scenario

Above 1310.50 look for further upside with 1313.00 & 1317.00 as targets.

Comment

The RSI advocates for further downside.

(By Swissquote TRADING CENTRAL)