(11 APRIL 2019)Gold spot ($):Bullish bias above 1304.50.

Pivot (invalidation): 1304.50

Our preference

Long positions above 1304.50 with targets at 1310.50 & 1314.00 in extension.

Alternative scenario

Below 1304.50 look for further downside with 1301.00 & 1297.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)