(11 DECEMBER 2018)Gold spot ($):Key resistance at 1248.00.

Pivot (invalidation): 1248.00

Our preference

Short positions below 1248.00 with targets at 1241.50 & 1237.50 in extension.

Alternative scenario

Above 1248.00 look for further upside with 1251.00 & 1253.00 as targets.

Comment

The RSI is mixed with a bearish bias.

(By Swissquote TRADING CENTRAL)