(17 JUNE 2019)Gold spot ($):Key resistance at 1347.00.

Pivot (invalidation): 1347.00

Our preference

Short positions below 1347.00 with targets at 1336.00 & 1330.00 in extension.

Alternative scenario

Above 1347.00 look for further upside with 1351.00 & 1356.00 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)