(03 MAY 2019)Gold spot ($):Expect 1264.00.

(03 MAY 2019)Gold spot ($):Expect 1264.00.

3 May 2019, 09:20
Jiming Huang
0
59

go

Pivot (invalidation): 1273.00

Our preference

Short positions below 1273.00 with targets at 1266.00 & 1264.00 in extension.

Alternative scenario

Above 1273.00 look for further upside with 1277.50 & 1280.00 as targets.

Comment

As Long as the resistance at 1273.00 is not surpassed, the risk of the break below 1266.00

remains high. 

(By Swissquote TRADING CENTRAL)