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

Pivot (invalidation): 1208.00

Our preference

Short positions below 1208.00 with targets at 1196.50 & 1192.50 in extension.

Alternative scenario

Above 1208.00 look for further upside with 1214.00 & 1217.00 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)