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

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)