![(16 APRIL 2019)Gold spot ($):Capped by a negative trend line. (16 APRIL 2019)Gold spot ($):Capped by a negative trend line.](https://c.mql5.com/6/829/splash-726012.jpg)
(16 APRIL 2019)Gold spot ($):Capped by a negative trend line.
16 April 2019, 10:03
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
0
55
Pivot (invalidation): 1290.00
Our preference
Short positions below 1290.00 with targets at 1282.50 & 1279.00 in extension.
Alternative scenario
Above 1290.00 look for further upside with 1291.75 & 1295.00 as targets.
Comment
The RSI advocates for further downside.
(By Swissquote TRADING CENTRAL)