(09 AUGUST 2018)Gold spot ($):Key resistance at 1215.50.

Pivot (invalidation): 1215.50

Our preference

Short positions below 1215.50 with targets at 1210.50 & 1208.00 in extension.

Alternative scenario

Above 1215.50 look for further upside with 1218.00 & 1220.00 as targets.

Comment

As Long as 1215.50 is resistance, expect a return to 1210.50.

(By Swissquote TRADING CENTRAL)