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

Pivot (invalidation): 1194.50

Our preference

Short positions below 1194.50 with targets at 1187.50 & 1184.00 in extension.

Alternative scenario

Above 1194.50 look for further upside with 1199.00 & 1201.75 as targets.

Comment

The RSI is mixed to bearish

(By Swissquote TRADING CENTRAL)