![(31 JULY 2019)Gold spot ($) :Supported by a rising trend line. (31 JULY 2019)Gold spot ($) :Supported by a rising trend line.](https://c.mql5.com/6/838/splash-728548.jpg)
(31 JULY 2019)Gold spot ($) :Supported by a rising trend line.
31 July 2019, 09:13
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
0
55
Pivot (invalidation): 1426.00
Our preference
Long positions above 1426.00 with targets at 1433.00 & 1437.00 in extension.
Alternative scenario
Below 1426.00 look for further downside with 1422.00 & 1417.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)