(27 MARCH 2019)Gold spot ($):Consolidation in place.

Pivot (invalidation): 1319.00

Our preference

Short positions below 1319.00 with targets at 1312.50 & 1308.50 in extension.

Alternative scenario

Above 1319.00 look for further upside with 1324.50 & 1327.50 as targets.

Comment

As Long as 1319.00 is resistance, expect a return to 1312.50.

(By Swissquote TRADING CENTRAL)