(04 SEPTEMBER 2018)Gold spot ($):The downside prevails.

Pivot (invalidation): 1204.50

Our preference

Short positions below 1204.50 with targets at 1195.50 & 1192.00 in extension.

Alternative scenario

Above 1204.50 look for further upside with 1209.00 & 1212.00 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)