(05 MARCH 2019)Gold spot ($):Key resistance at 1292.50.

Pivot (invalidation): 1292.50

Our preference

Short positions below 1292.50 with targets at 1282.50 & 1276.50 in extension.

Alternative scenario

Above 1292.50 look for further upside with 1297.00 & 1304.00 as targets.

Comment

The RSI is mixed and calls for caution.

(By Swissquote TRADING CENTRAL)