(24 JULY 2019)Gold spot ($):Capped by a negative trend line.

Pivot (invalidation): 1425.00

Our preference

Short positions below 1425.00 with targets at 1414.00 & 1406.00 in extension.

Alternative scenario

Above 1425.00 look for further upside with 1430.00 & 1435.00 as targets.

Comment

A break below 1414.00 would trigger a drop towards 1406.00.

(By Swissquote TRADING CENTRAL)