(06 November 2019)Gold spot ($) Key resistance at 1490.00.

(06 November 2019)Gold spot ($) Key resistance at 1490.00.

6 November 2019, 09:22
Jiming Huang
0
40

go
Pivot
 (invalidation): 1490.00
Our preference
Short positions below 1490.00 with targets at 1479.00 & 1474.00 in extension.
Alternative scenario
Above 1490.00 look for further upside with 1495.00 & 1499.50 as targets.
Comment
As Long as 1490.00 is resistance, expect a return to 1479.00.

(By Swissquote TRADING CENTRAL)

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