(07 October 2019 )Gold spot ($) Towards 1519.50.

(07 October 2019 )Gold spot ($) Towards 1519.50.

7 October 2019, 09:04
Jiming Huang
0
90

go
Pivot
 (invalidation): 1498.00
Our preference
Long positions above 1498.00 with targets at 1512.50 & 1519.50 in extension.
Alternative scenario
Below 1498.00 look for further downside with 1493.00 & 1486.00 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)

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