(28 NOVEMBER 2018)Gold spot ($):Key resistance at 1216.75.

Pivot (invalidation): 1216.75

Our preference

Short positions below 1216.75 with targets at 1211.50 & 1208.50 in extension.

Alternative scenario

Above 1216.75 look for further upside with 1219.50 & 1223.00 as targets.

Comment

The RSI is mixed to bearish

(By Swissquote TRADING CENTRAL)