Gold is declining below $1,500, confirming the consolidation phase that has taken place in the last few days.
Despite this, the main trend remains bullish, with further rallies that seems likely in the medium term, while in the short term the scenario is lateral, with prices that could draw a lateral range between $1,475 and $1,530, inside the body of the chart of the August13th. Any move below or above these thresholds could trigger of a new directional movement.
