(01 November 2019)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1505.50
Our preference
Long positions above 1505.50 with targets at 1514.50 & 1518.00 in extension.
Alternative scenario
Below 1505.50 look for further downside with 1499.50 & 1493.50 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)