(27 AUGUST 2018)Gold spot ($):Bullish bias above 1201.50.

(27 AUGUST 2018)Gold spot ($):Bullish bias above 1201.50.

27 August 2018, 09:47
Jiming Huang
0
48

gold

Pivot (invalidation): 1201.50

Our preference

Long positions above 1201.50 with targets at 1213.00 & 1217.00 in extension.

Alternative scenario

Below 1201.50 look for further downside with 1196.50 & 1192.50 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL) 

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