(20 SEPTEMBER 2018)Gold spot ($):Supported by a rising trend line.

Pivot (invalidation): 1201.00

Our preference

Long positions above 1201.00 with targets at 1208.50 & 1212.50 in extension.

Alternative scenario

Below 1201.00 look for further downside with 1198.00 & 1195.50 as targets.

Comment

The RSI advocates for further advance

(By Swissquote TRADING CENTRAL)