![(16 AUGUST 2018)Gold spot ($):Key resistance at 1176.00. (16 AUGUST 2018)Gold spot ($):Key resistance at 1176.00.](https://c.mql5.com/6/811/splash-720345.jpg)
(16 AUGUST 2018)Gold spot ($):Key resistance at 1176.00.
16 August 2018, 09:57
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
0
59
Pivot (invalidation): 1176.00
Our preference
Short positions below 1176.00 with targets at 1166.50 & 1160.00 in extension.
Alternative scenario
Above 1176.00 look for further upside with 1184.00 & 1189.00 as targets.
Comment
The RSI is mixed to bearish.
(By Swissquote TRADING CENTRAL)