(27 March 2020)Gold spot ($) Bullish bias above 1608.00.

Pivot
 (invalidation): 1608.00
Our preference
Long positions above 1608.00 with targets at 1645.00 & 1659.00 in extension.
Alternative scenario
Below 1608.00 look for further downside with 1594.00 & 1578.00 as targets.
Comment
The RSI is mixed to bullish

(By Swissquote TRADING CENTRAL)