(22 MARCH 2019)Gold spot ($):1298.50 in sight.

Pivot (invalidation): 1314.00

Our preference

Short positions below 1314.00 with targets at 1303.00 & 1298.50 in extension.

Alternative scenario

Above 1314.00 look for further upside with 1320.50 & 1326.00 as targets.

Comment

As Long as the resistance at 1314.00 is not surpassed, the risk of the break below 1303.00

remains high. 

(By Swissquote TRADING CENTRAL)