(16 JULY 2019)Gold spot ($):Bullish bias above 1409.00.

Pivot (invalidation): 1409.00

Our preference

Long positions above 1409.00 with targets at 1419.00 & 1424.00 in extension.

Alternative scenario

Below 1409.00 look for further downside with 1405.00 & 1400.50 as targets.

Comment

The RSI is mixed to bullish

(By Swissquote TRADING CENTRAL)