(17 OCTOBER 2018)Gold spot ($):Under pressure.

(17 OCTOBER 2018)Gold spot ($):Under pressure.

17 October 2018, 09:45
Jiming Huang
0
17

gold

Pivot (invalidation): 1227.00

Our preference

Short positions below 1227.00 with targets at 1215.50 & 1210.00 in extension.

Alternative scenario

Above 1227.00 look for further upside with 1230.00 & 1233.00 as targets.

Comment

The RSI has broken down its 30 level. 

(By Swissquote TRADING CENTRAL) 

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