(26 SEPTEMBER 2018)Gold spot ($):Bullish bias above 1198.00.

(26 SEPTEMBER 2018)Gold spot ($):Bullish bias above 1198.00.

26 September 2018, 09:19
Jiming Huang
0
71

gold

Pivot (invalidation): 1198.00

Our preference

Long positions above 1198.00 with targets at 1204.00 & 1207.50 in extension.

Alternative scenario

Below 1198.00 look for further downside with 1194.00 & 1191.50 as targets.

Comment

The RSI is mixed to bullish. Gold is trading within the bullish channel.

(By Swissquote TRADING CENTRAL) 

Share it with friends: