(13 NOVEMBER 2018)Gold spot ($):Key resistance at 1207.00.

Pivot (invalidation): 1207.00

Our preference

Short positions below 1207.00 with targets at 1199.50 & 1195.00 in extension.

Alternative scenario

Above 1207.00 look for further upside with 1211.50 & 1215.00 as targets.

Comment

As Long as the resistance at 1207.00 is not surpassed, the risk of the break below 1199.50

remains high. 

(By Swissquote TRADING CENTRAL)