(24 February 2020)Gold spot ($) Bullish bias above 1648.00.

Pivot
 (invalidation): 1648.00
Our preference
Long positions above 1648.00 with targets at 1681.00 & 1690.00 in extension.
Alternative scenario
Below 1648.00 look for further downside with 1638.00 & 1631.00 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)