(10 MAY 2019)Gold spot ($):Bullish bias above 1280.00.

Pivot (invalidation): 1280.00

Our preference

Long positions above 1280.00 with targets at 1288.50 & 1291.50 in extension.

Alternative scenario

Below 1280.00 look for further downside with 1276.50 & 1272.50 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)