(11 SEPTEMBER 2018)Gold spot ($):Under pressure

(11 SEPTEMBER 2018)Gold spot ($):Under pressure

11 September 2018, 09:27
Jiming Huang
0
40

gold

Pivot (invalidation): 1196.75

Our preference

Short positions below 1196.75 with targets at 1191.25 & 1189.50 in extension.

Alternative scenario

Above 1196.75 look for further upside with 1198.75 & 1202.00 as targets.

Comment

The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)