(20 AUGUST 2018)Gold spot ($):The upside prevails.

(20 AUGUST 2018)Gold spot ($):The upside prevails.

20 August 2018, 09:42
Jiming Huang
0
54

gold

Pivot (invalidation): 1176.00

Our preference

Long positions above 1176.00 with targets at 1189.00 & 1195.00 in extension.

Alternative scenario

Below 1176.00 look for further downside with 1168.00 & 1160.00 as targets.

Comment

The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL) 

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