(14 SEPTEMBER 2018)Gold spot ($):Turning up.

(14 SEPTEMBER 2018)Gold spot ($):Turning up.

14 September 2018, 09:27
Jiming Huang
0
18

gold

Pivot (invalidation): 1200.00

Our preference

Long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension.

Alternative scenario

Below 1200.00 look for further downside with 1196.00 & 1192.50 as targets.

Comment

The RSI advocates for further upside. The prices are trading above both the 20-period and

50-period moving averages while striking against the upper boundary of Bollinger band.

(By Swissquote TRADING CENTRAL) 

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