(22 AUGUST 2019)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1498.00
Our preference
Long positions above 1498.00 with targets at 1509.00 & 1512.50 in extension.
Alternative scenario
Below 1498.00 look for further downside with 1493.00 & 1488.00 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)