(26 AUGUST 2019)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1530.00
Our preference
Long positions above 1530.00 with targets at 1555.00 & 1569.00 in extension.
Alternative scenario
Below 1530.00 look for further downside with 1517.00 & 1508.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)