(05 NOVEMBER 2018)Gold spot ($):Caution.

Pivot (invalidation): 1230.50

Our preference

Long positions above 1230.50 with targets at 1235.00 & 1237.50 in extension.

Alternative scenario

Below 1230.50 look for further downside with 1228.00 & 1224.00 as targets.

Comment

A break below 1235.00 would trigger a drop towards 1237.50.

(By Swissquote TRADING CENTRAL)