Contributors Technical Analysis Gold Spot Key Resistance At 1488.50

Gold Spot Key Resistance At 1488.50

Pivot (invalidation): 1488.50

Our preference Short positions below 1488.50 with targets at 1477.00 & 1474.00 in extension.

Alternative scenario Above 1488.50 look for further upside with 1497.00 & 1503.00 as targets.

Comment As Long as the resistance at 1488.50 is not surpassed, the risk of the break below 1477.00 remains high.

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