(12 JULY 2019)Gold spot ($):Key resistance at 1412.00.

Pivot (invalidation): 1412.00

Our preference

Short positions below 1412.00 with targets at 1403.50 & 1400.50 in extension.

Alternative scenario

Above 1412.00 look for further upside with 1419.00 & 1424.00 as targets.

Comment

The RSI has just struck against its neutrality area at 50%.

(By Swissquote TRADING CENTRAL)