(08 JULY 2019)Gold spot ($):Rebound expected.

(08 JULY 2019)Gold spot ($):Rebound expected.

8 July 2019, 09:26
Jiming Huang
0
68

go

Pivot (invalidation): 1392.00

Our preference

Long positions above 1392.00 with targets at 1402.00 & 1411.00 in extension.

Alternative scenario

Below 1392.00 look for further downside with 1386.50 & 1381.00 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)