(22 JULY 2019)Gold spot ($):Key resistance at 1435.00.

Pivot (invalidation): 1435.00

Our preference

Short positions below 1435.00 with targets at 1420.00 & 1415.00 in extension.

Alternative scenario

Above 1435.00 look for further upside with 1441.00 & 1447.00 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)