(09 MAY 2019)Gold spot ($):Under pressure.

(09 MAY 2019)Gold spot ($):Under pressure.

9 May 2019, 09:51
Jiming Huang
0
50

gold

Pivot (invalidation): 1285.00

Our preference

Short positions below 1285.00 with targets at 1276.50 & 1272.50 in extension.

Alternative scenario

Above 1285.00 look for further upside with 1288.00 & 1291.50 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)

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