(29 NOVEMBER 2018)Gold spot ($):Further advance.

Pivot (invalidation): 1219.50

Our preference

Long positions above 1219.50 with targets at 1227.50 & 1230.50 in extension.

Alternative scenario

Below 1219.50 look for further downside with 1215.50 & 1211.00 as targets.

Comment

The RSI is supported by a rising trend line.

(By Swissquote TRADING CENTRAL)