(19 AUGUST 2019)Gold spot ($):Capped by a negative trend line.

Pivot
 (invalidation): 1517.00
Our preference
Short positions below 1517.00 with targets at 1504.00 & 1496.00 in extension.
Alternative scenario
Above 1517.00 look for further upside with 1522.00 & 1528.00 as targets.
Comment
The RSI calls for a new downleg.

(By Swissquote TRADING CENTRAL)