(09 APRIL 2019)Gold spot ($):The bias remains bullish.

Pivot (invalidation): 1295.75

Our preference

Long positions above 1295.75 with targets at 1300.75 & 1303.50 in extension.

Alternative scenario

Below 1295.75 look for further downside with 1291.00 & 1288.00 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)