(06 MARCH 2019)Gold spot ($):Target 1280.00.

Pivot (invalidation): 1290.00

Our preference

Short positions below 1290.00 with targets at 1282.50 & 1280.00 in extension.

Alternative scenario

Above 1290.00 look for further upside with 1294.50 & 1297.00 as targets.

Comment

The RSI is above its neutrality area at 50% but reversing down.

(By Swissquote TRADING CENTRAL)