(30 JANUARY 2019)Gold spot ($):The upside prevails.

Pivot (invalidation): 1308.00

Our preference

Long positions above 1308.00 with targets at 1319.00 & 1323.00 in extension.

Alternative scenario

Below 1308.00 look for further downside with 1305.50 & 1302.00 as targets.

Comment

The RSI is bullish and calls for further advance.

(By Swissquote TRADING CENTRAL)