(04 November 2019)Gold spot ($) Bullish bias above 1507.00.

(04 November 2019)Gold spot ($) Bullish bias above 1507.00.

4 November 2019, 09:16
Jiming Huang
0
39

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Pivot
 (invalidation): 1507.00
Our preference
Long positions above 1507.00 with targets at 1516.00 & 1519.50 in extension.
Alternative scenario
Below 1507.00 look for further downside with 1503.00 & 1499.50 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)

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