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

Pivot (invalidation): 1200.00

Our preference

Short positions below 1200.00 with targets at 1192.50 & 1190.00 in extension.

Alternative scenario

Above 1200.00 look for further upside with 1203.00 & 1206.00 as targets.

Comment

The RSI is capped by a bearish trend line

(By Swissquote TRADING CENTRAL)