(16 OCTOBER 2018)Gold spot ($):Further advance.

(16 OCTOBER 2018)Gold spot ($):Further advance.

16 October 2018, 10:09
Jiming Huang
0
14

gold

Pivot (invalidation): 1222.50

Our preference

Long positions above 1222.50 with targets at 1230.50 & 1233.50 in extension.

Alternative scenario

Below 1222.50 look for further downside with 1219.00 & 1215.50 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL) 


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