(28 AUGUST 2018)Gold spot ($):Bullish bias above 1203.00.

Pivot (invalidation): 1203.00

Our preference

Long positions above 1203.00 with targets at 1212.50 & 1217.00 in extension.

Alternative scenario

Below 1203.00 look for further downside with 1196.50 & 1192.50 as targets.

Comment

The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)