(19 DECEMBER 2018)Gold spot ($):The upside prevails.

Pivot (invalidation): 1246.00

Our preference

Long positions above 1246.00 with targets at 1256.00 & 1258.50 in extension.

Alternative scenario

Below 1246.00 look for further downside with 1242.50 & 1240.00 as targets.

Comment

The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL)