(04 MARCH 2019)Gold spot ($):Key resistance at 1304.00.

Pivot (invalidation): 1304.00

Our preference

Short positions below 1304.00 with targets at 1290.00 & 1286.00 in extension.

Alternative scenario

Above 1304.00 look for further upside with 1312.50 & 1317.00 as targets.

Comment

As Long as the resistance at 1304.00 is not surpassed, the risk of the break below 1290.00

remains high. 

(By Swissquote TRADING CENTRAL)