(22 JUNE 2018)Gold spot ($):The upside prevails.

The upside prevails. 

 (By Swissquote TRADING CENTRAL)

Pivot (invalidation): 1261.00

Our preference

Long positions above 1261.00 with targets at 1270.00 & 1276.50 in extension.

Alternative scenario

Below 1261.00 look for further downside with 1255.50 & 1249.00 as targets.

Comment

The RSI is mixed to bullish.