(13 SEPTEMBER 2018)Gold spot ($):Further upside.

Pivot (invalidation): 1202.25

Our preference

Long positions above 1202.25 with targets at 1208.50 & 1212.50 in extension.

Alternative scenario

Below 1202.25 look for further downside with 1198.00 & 1192.50 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)