(07 MAY 2019)Gold spot ($):1291.00 in sight.

(07 MAY 2019)Gold spot ($):1291.00 in sight.

7 May 2019, 10:30
Jiming Huang
0
49

gold

Pivot (invalidation): 1278.00

Our preference

Long positions above 1278.00 with targets at 1287.00 & 1291.00 in extension.

Alternative scenario

Below 1278.00 look for further downside with 1275.00 & 1272.50 as targets.

Comment

The RSI is bullish and calls for further advance.

(By Swissquote TRADING CENTRAL)