(08 MAY 2019)Gold spot ($):Target 1291.00.

(08 MAY 2019)Gold spot ($):Target 1291.00.

8 May 2019, 09:18
Jiming Huang
0
43

gold

Pivot (invalidation): 1281.50

Our preference

Long positions above 1281.50 with targets at 1288.50 & 1291.00 in extension.

Alternative scenario

Below 1281.50 look for further downside with 1276.50 & 1272.50 as targets.

Comment

The RSI is bullish and calls for further upside

(By Swissquote TRADING CENTRAL)


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