(23 APRIL 2019)Gold spot ($):Consolidation in place.

Pivot (invalidation): 1278.00

Our preference

Short positions below 1278.00 with targets at 1273.50 & 1271.00 in extension.

Alternative scenario

Above 1278.00 look for further upside with 1279.80 & 1282.50 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)