(13 December 2019)Gold spot ($) Key resistance at 1470.50.

(13 December 2019)Gold spot ($) Key resistance at 1470.50.

13 December 2019, 09:02
Jiming Huang
0
30

go
Pivot
 (invalidation): 1470.50
Our preference
Short positions below 1470.50 with targets at 1464.00 & 1461.50 in extension.
Alternative scenario
Above 1470.50 look for further upside with 1475.50 & 1479.00 as targets.
Comment
As Long as 1470.50 is resistance, expect a return to 1464.00.

(By Swissquote TRADING CENTRAL)

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