(21 MAY 2019)Gold spot ($): Key resistance at 1279.00.

Pivot (invalidation): 1279.00

Our preference

Short positions below 1279.00 with targets at 1273.50 & 1270.50 in extension.

Alternative scenario

Above 1279.00 look for further upside with 1282.00 & 1284.50 as targets.

Comment

A break below 1273.50 would trigger a drop towards 1270.50.

(By Swissquote TRADING CENTRAL)