(05 November 2019)Gold spot ($) Capped by a negative trend line.

Pivot
 (invalidation): 1511.00
Our preference
Short positions below 1511.00 with targets at 1499.50 & 1496.50 in extension.
Alternative scenario
Above 1511.00 look for further upside with 1516.00 & 1519.50 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)