(30 AUGUST 2019)Gold spot ($) Under pressure.

(30 AUGUST 2019)Gold spot ($) Under pressure.

30 August 2019, 09:10
Jiming Huang
0
61

go
Pivot
 (invalidation): 1533.50
Our preference
Short positions below 1533.50 with targets at 1519.50 & 1509.00 in extension.
Alternative scenario
Above 1533.50 look for further upside with 1542.50 & 1550.00 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)