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

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

30 October 2018, 09:16
Jiming Huang
0
55

gold

Pivot (invalidation): 1230.50

Our preference

Short positions below 1230.50 with targets at 1226.00 & 1224.00 in extension.

Alternative scenario

Above 1230.50 look for further upside with 1233.50 & 1235.50 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL) 

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