(25 September 2019 )Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1516.00
Our preference
Long positions above 1516.00 with targets at 1526.50 & 1531.00 in extension.
Alternative scenario
Below 1516.00 look for further downside with 1511.50 & 1507.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited