(18 MARCH 2019)Gold spot ($):The downside prevails.

(18 MARCH 2019)Gold spot ($):The downside prevails.

18 March 2019, 09:26
Jiming Huang
0
53

gold

Pivot (invalidation): 1304.00

Our preference

Short positions below 1304.00 with targets at 1297.00 & 1292.50 in extension.

Alternative scenario

Above 1304.00 look for further upside with 1308.00 & 1311.00 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)