(28 DECEMBER 2018)Gold spot ($):Supported by a rising trend line.

Pivot (invalidation): 1273.00

Our preference

Long positions above 1273.00 with targets at 1282.00 & 1285.50 in extension.

Alternative scenario

Below 1273.00 look for further downside with 1270.00 & 1266.50 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)