(29 MARCH 2019)Gold spot ($):Towards 1279.50.

(29 MARCH 2019)Gold spot ($):Towards 1279.50.

29 March 2019, 08:59
Jiming Huang
0
65

go

Pivot (invalidation): 1299.00

Our preference

Short positions below 1299.00 with targets at 1282.50 & 1279.50 in extension.

Alternative scenario

Above 1299.00 look for further upside with 1303.00 & 1308.00 as targets.

Comment

The RSI is bearish and calls for further decline

(By Swissquote TRADING CENTRAL)