(16 JULY 2020)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1803.00
Our preference
Long positions above 1803.00 with targets at 1818.00 & 1824.00 in extension.
Alternative scenario
Below 1803.00 look for further downside with 1798.00 & 1794.00 as targets.
Comment
A support base at 1803.00 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)