(22 October 2019)Gold spot ($) Expect 1477.00.

(22 October 2019)Gold spot ($) Expect 1477.00.

22 October 2019, 09:05
Jiming Huang
0
24

go
Pivot
 (invalidation): 1487.50
Our preference
Short positions below 1487.50 with targets at 1480.50 & 1477.00 in extension.
Alternative scenario
Above 1487.50 look for further upside with 1490.50 & 1494.00 as targets.
Comment
As Long as the resistance at 1487.50 is not surpassed, the risk of the break below 1480.50
remains high.

(By Swissquote TRADING CENTRAL)

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