(03 OCTOBER 2018)Gold spot ($):The upside prevails.

Pivot (invalidation): 1201.00

Our preference

Long positions above 1201.00 with targets at 1211.00 & 1217.00 in extension.

Alternative scenario

Below 1201.00 look for further downside with 1197.50 & 1194.00 as targets.

Comment

The RSI advocates for further advance

(By Swissquote TRADING CENTRAL)