(14 MARCH 2019)Gold spot ($):Break of a ST rising trendline support.

Pivot (invalidation): 1308.50

Our preference

Short positions below 1308.50 with targets at 1303.50 & 1300.50 in extension.

Alternative scenario

Above 1308.50 look for further upside with 1311.50 & 1315.00 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)