(01 NOVEMBER 2018)Gold spot ($):Key resistance at 1219.00.

Pivot (invalidation): 1219.00

Our preference

Short positions below 1219.00 with targets at 1214.50 & 1212.00 in extension.

Alternative scenario

Above 1219.00 look for further upside with 1223.50 & 1226.50 as targets.

Comment

As Long as the resistance at 1219.00 is not surpassed, the risk of the break below 1214.50

remains high. 

(By Swissquote TRADING CENTRAL)