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

Pivot (invalidation): 1434.00

Our preference

Long positions above 1434.00 with targets at 1453.00 & 1461.00 in extension.

Alternative scenario

Below 1434.00 look for further downside with 1428.00 & 1422.00 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)