(21 October 2019)Gold spot ($) Bullish bias above 1487.00.

(21 October 2019)Gold spot ($) Bullish bias above 1487.00.

21 October 2019, 09:00
Jiming Huang
0
28

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Pivot
 (invalidation): 1487.00
Our preference
Long positions above 1487.00 with targets at 1494.00 & 1497.00 in extension.
Alternative scenario
Below 1487.00 look for further downside with 1484.00 & 1481.00 as targets.
Comment
A support base at 1487.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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