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

Pivot (invalidation): 1190.00

Our preference

Short positions below 1190.00 with targets at 1179.00 & 1175.00 in extension.

Alternative scenario

Above 1190.00 look for further upside with 1193.00 & 1196.00 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)