(27 JULY 2018)Gold spot ($):Under pressure.

(27 JULY 2018)Gold spot ($):Under pressure.

27 July 2018, 09:57
Jiming Huang
0
49

gold

Pivot (invalidation): 1228.50

Our preference

Short positions below 1228.50 with targets at 1221.00 & 1218.00 in extension.

Alternative scenario

Above 1228.50 look for further upside with 1230.50 & 1235.00 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)