(10 SEPTEMBER 2018)Gold spot ($):The downside prevails.

Pivot (invalidation): 1198.00

Our preference

Short positions below 1198.00 with targets at 1193.25 & 1190.00 in extension.

Alternative scenario

Above 1198.00 look for further upside with 1203.00 & 1207.00 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)