UncategorizedWeekly Analysis

Gold spot Intraday: watch 1500.00.(18.10.2019)

Pivot: 1488.00

Our preference: long positions above 1488.00 with targets at 1497.00 & 1500.00 in extension.

Alternative scenario: below 1488.00 look for further downside with 1484.00 & 1481.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1503.00
1500.00
1497.00
1492.10 Last
1488.00
1484.00
1481.00

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