(26 JULY 2019)Gold spot ($):Key resistance at 1419.50.

Pivot (invalidation): 1419.50

Our preference

Short positions below 1419.50 with targets at 1411.00 & 1406.00 in extension.

Alternative scenario

Above 1419.50 look for further upside with 1423.00 & 1427.00 as targets.

Comment

The index currently faces a challenging resistance area at 1419.50.

(By Swissquote TRADING CENTRAL)