(16 NOVEMBER 2018)Gold spot ($):Further upside.

(16 NOVEMBER 2018)Gold spot ($):Further upside.

16 November 2018, 09:09
Jiming Huang
0
21

gold

Pivot (invalidation): 1211.00

Our preference

Long positions above 1211.00 with targets at 1217.50 & 1221.50 in extension.

Alternative scenario

Below 1211.00 look for further downside with 1205.00 & 1202.00 as targets.

Comment

The RSI is supported by a bullish trend line.

(By Swissquote TRADING CENTRAL) 


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