(20 MAY 2019)Gold spot ($):1266.25 expected.

(20 MAY 2019)Gold spot ($):1266.25 expected.

20 May 2019, 09:35
Jiming Huang
0
14

go

Pivot (invalidation): 1284.00

Our preference

Short positions below 1284.00 with targets at 1272.50 & 1266.25 in extension.

Alternative scenario

Above 1284.00 look for further upside with 1288.25 & 1291.00 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)

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