(03 JULY 2019)Gold spot ($):Intraday support around 1415.00.

Pivot (invalidation): 1415.00

Our preference

Long positions above 1415.00 with targets at 1436.00 & 1446.00 in extension.

Alternative scenario

Below 1415.00 look for further downside with 1406.00 & 1398.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited

(By Swissquote TRADING CENTRAL)