(26 NOVEMBER 2018)Gold spot ($):Bullish bias above 1220.00.

Pivot (invalidation): 1220.00

Our preference

Long positions above 1220.00 with targets at 1225.00 & 1227.50 in extension.

Alternative scenario

Below 1220.00 look for further downside with 1217.50 & 1214.00 as targets.

Comment

The RSI is mixed with a bullish bias

(By Swissquote TRADING CENTRAL)