(10 DECEMBER 2018)Gold spot ($):Further upside.

Pivot (invalidation): 1243.75

Our preference

Long positions above 1243.75 with targets at 1253.00 & 1257.00 in extension.

Alternative scenario

Below 1243.75 look for further downside with 1241.00 & 1237.50 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)