(16 AUGUST 2019)Gold spot ($):Bullish bias above 1515.00.

Pivot
 (invalidation): 1515.00
Our preference
Long positions above 1515.00 with targets at 1528.00 & 1535.00 in extension.
Alternative scenario
Below 1515.00 look for further downside with 1508.00 & 1502.00 as targets.
Comment
The RSI is mixed to bullish

(By Swissquote TRADING CENTRAL)