(12 FEBRUARY 2019)Gold spot ($):Under pressure.

Pivot (invalidation): 1310.50

Our preference

Short positions below 1310.50 with targets at 1305.50 & 1303.50 in extension.

Alternative scenario

Above 1310.50 look for further upside with 1312.50 & 1315.50 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)