(10 OCTOBER 2018)Gold spot ($):Bullish bias above 1185.00.
10 October 2018, 09:38
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Pivot (invalidation): 1185.00
Our preference
Long positions above 1185.00 with targets at 1192.00 & 1195.00 in extension.
Alternative scenario
Below 1185.00 look for further downside with 1180.50 & 1176.50 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)
