(02 AUGUST 2019)Gold spot ($):Bullish bias above 1425.00.

(02 AUGUST 2019)Gold spot ($):Bullish bias above 1425.00.

2 August 2019, 09:28
Jiming Huang
0
60

go

Pivot (invalidation): 1425.00

Our preference

Long positions above 1425.00 with targets at 1442.00 & 1449.00 in extension.

Alternative scenario

Below 1425.00 look for further downside with 1419.00 & 1411.00 as targets.

Comment

The RSI is above its neutrality area at 50%.

(By Swissquote TRADING CENTRAL)


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