(30 AUGUST 2018)Gold spot ($):The bias remains bullish.

Pivot (invalidation): 1202.00

Our preference

Long positions above 1202.00 with targets at 1210.00 & 1214.00 in extension.

Alternative scenario

Below 1202.00 look for further downside with 1196.50 & 1192.50 as targets.

Comment

The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)