(23 NOVEMBER 2018)Gold spot ($):Intraday support around 1224.50.

Pivot (invalidation): 1224.50

Our preference

Long positions above 1224.50 with targets at 1230.00 & 1233.00 in extension.

Alternative scenario

Below 1224.50 look for further downside with 1222.00 & 1219.50 as targets.

Comment

A support base at 1224.50 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)