(05 JULY 2019)Gold spot ($):Bullish bias above 1415.00.

Pivot (invalidation): 1415.00

Our preference

Long positions above 1415.00 with targets at 1423.00 & 1427.00 in extension.

Alternative scenario

Below 1415.00 look for further downside with 1410.00 & 1403.00 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)