(17 AUGUST 2018)Gold spot ($):The downside prevails.

(17 AUGUST 2018)Gold spot ($):The downside prevails.

17 August 2018, 09:50
Jiming Huang
0
16

gold

Pivot (invalidation): 1182.00

Our preference

Short positions below 1182.00 with targets at 1168.00 & 1160.00 in extension.

Alternative scenario

Above 1182.00 look for further upside with 1189.00 & 1195.00 as targets.

Comment

The RSI is mixed with a bearish bias.

(By Swissquote TRADING CENTRAL) 

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