(25 October 2019)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1496.00
Our preference
Long positions above 1496.00 with targets at 1507.00 & 1511.00 in extension.
Alternative scenario
Below 1496.00 look for further downside with 1493.50 & 1490.50 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)