(11 October 2019)Gold spot ($) Key resistance at 1499.50.

(11 October 2019)Gold spot ($) Key resistance at 1499.50.

11 October 2019, 09:11
Jiming Huang
0
30

go
Pivot
 (invalidation): 1499.50
Our preference
Short positions below 1499.50 with targets at 1490.00 & 1486.50 in extension.
Alternative scenario
Above 1499.50 look for further upside with 1504.00 & 1509.50 as targets.
Comment
As Long as the resistance at 1499.50 is not surpassed, the risk of the break below 1490.00
remains high.

(By Swissquote TRADING CENTRAL)


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