Contributors Technical Analysis Gold Spot: Capped By A Negative Trend Line

Gold Spot: Capped By A Negative Trend Line

Pivot (invalidation): 1910.00

Our preference Short positions below 1910.00 with targets at 1899.00 & 1894.00 in extension.

Alternative scenario Above 1910.00 look for further upside with 1914.00 & 1920.00 as targets.

Comment The RSI has just struck against its neutrality area at 50%.

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