(26 FEBRUARY 2019)Gold spot ($):Key resistance at 1333.00.

Pivot (invalidation): 1333.00

Our preference

Short positions below 1333.00 with targets at 1326.00 & 1322.50 in extension.

Alternative scenario

Above 1333.00 look for further upside with 1336.00 & 1340.00 as targets.

Comment

As Long as 1333.00 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL)