(22 OCTOBER 2018)Gold spot ($):Further upside.

(22 OCTOBER 2018)Gold spot ($):Further upside.

22 October 2018, 09:32
Jiming Huang
0
18

gold

Pivot (invalidation): 1223.00

Our preference

Long positions above 1223.00 with targets at 1231.00 & 1233.50 in extension.

Alternative scenario

Below 1223.00 look for further downside with 1221.00 & 1218.50 as targets.

Comment

The RSI is supported by a rising trend line.

(By Swissquote TRADING CENTRAL) 

Share it with friends: