(04 OCTOBER 2018)Gold spot ($):The downside prevails.

Pivot (invalidation): 1202.00

Our preference

Short positions below 1202.00 with targets at 1194.00 & 1189.00 in extension.

Alternative scenario

Above 1202.00 look for further upside with 1205.00 & 1208.00 as targets.

Comment

The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL)