(06 SEPTEMBER 2018)Gold spot ($):Rebound in sight.

Pivot (invalidation): 1195.00

Our preference

Long positions above 1195.00 with targets at 1201.00 & 1204.00 in extension.

Alternative scenario

Below 1195.00 look for further downside with 1193.00 & 1189.50 as targets.

Comment

The RSI is supported by a bullish trend line

(By Swissquote TRADING CENTRAL)