(09JULY 2019)Gold spot ($):1381.50 in sight.

Pivot (invalidation): 1401.00

Our preference

Short positions below 1401.00 with targets at 1386.50 & 1381.50 in extension.

Alternative scenario

Above 1401.00 look for further upside with 1407.50 & 1416.00 as targets.

Comment

As Long as 1401.00 is resistance, expect a return to 1386.50.

(By Swissquote TRADING CENTRAL)