(28 JULY 2020)Gold spot ($) Consolidation.

(28 JULY 2020)Gold spot ($) Consolidation.

28 July 2020, 09:15
Jiming Huang
0
86

go
Pivot
 (invalidation): 1966.00
Our preference
Short positions below 1966.00 with targets at 1929.00 & 1898.00 in extension.
Alternative scenario
Above 1966.00 look for further upside with 1981.00 & 2004.00 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)