(18 JULY 2019)Gold spot ($):The bias remains bullish.

Pivot (invalidation): 1417.00

Our preference

Long positions above 1417.00 with targets at 1430.00 & 1434.00 in extension.

Alternative scenario

Below 1417.00 look for further downside with 1410.00 & 1406.00 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)