(10 AUGUST 2018)Gold spot ($):The bias remains bullish.

Pivot (invalidation): 1210.50

Our preference

Long positions above 1210.50 with targets at 1214.00 & 1216.00 in extension.

Alternative scenario

Below 1210.50 look for further downside with 1208.00 & 1206.00 as targets.

Comment

The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)