(14 JANUARY 2019)Gold spot ($):Key resistance at 1293.00.

Pivot (invalidation): 1293.00

Our preference

Short positions below 1293.00 with targets at 1288.50 & 1286.00 in extension.

Alternative scenario

Above 1293.00 look for further upside with 1295.00 & 1297.00 as targets.

Comment

A break below 1288.50 would trigger a drop towards 1286.00.

(By Swissquote TRADING CENTRAL)