(31 OCTOBER 2018)Gold spot ($):Under pressure.

(31 OCTOBER 2018)Gold spot ($):Under pressure.

31 October 2018, 09:23
Jiming Huang
0
55

gold

Pivot (invalidation): 1223.50

Our preference

Short positions below 1223.50 with targets at 1217.00 & 1213.00 in extension.

Alternative scenario

Above 1223.50 look for further upside with 1226.50 & 1229.00 as targets.

Comment

The RSI has broken down its 30 level. 

(By Swissquote TRADING CENTRAL)