(20 AUGUST 2019)Gold spot ($) Capped by a negative trend line.

Pivot
 (invalidation): 1503.00
Our preference
Short positions below 1503.00 with targets at 1492.00 & 1485.00 in extension.
Alternative scenario
Above 1503.00 look for further upside with 1510.00 & 1515.00 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

(By Swissquote TRADING CENTRAL)