(07 JUNE 2019)Gold spot ($):Supported by a rising trend line.

Pivot (invalidation): 1327.00

Our preference

Long positions above 1327.00 with targets at 1339.50 & 1344.00 in extension.

Alternative scenario

Below 1327.00 look for further downside with 1324.00 & 1320.00 as targets.

Comment

A support base at 1327.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)