(12 NOVEMBER 2018)Gold spot ($):Key resistance at 1214.00.

Pivot (invalidation): 1214.00

Our preference

Short positions below 1214.00 with targets at 1206.50 & 1203.00 in extension.

Alternative scenario

Above 1214.00 look for further upside with 1217.50 & 1221.50 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)