(30 NOVEMBER 2018)Gold spot ($):Target 1215.50.

Pivot (invalidation): 1229.00

Our preference

Short positions below 1229.00 with targets at 1220.00 & 1215.50 in extension.

Alternative scenario

Above 1229.00 look for further upside with 1233.00 & 1236.00 as targets.

Comment

As Long as the resistance at 1229.00 is not surpassed, the risk of the break below 1220.00

remains high.

(By Swissquote TRADING CENTRAL)