(04 JUNE 2019)Gold spot ($):Bullish bias above 1318.00.

Pivot (invalidation): 1318.00

Our preference

Long positions above 1318.00 with targets at 1328.00 & 1333.00 in extension.

Alternative scenario

Below 1318.00 look for further downside with 1312.50 & 1309.00 as targets.

Comment

A support base at 1318.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)