(16 December 2019)Gold spot ($) Bullish bias above 1470.00.

Pivot
 (invalidation): 1470.00
Our preference
Long positions above 1470.00 with targets at 1479.00 & 1484.00 in extension.
Alternative scenario
Below 1470.00 look for further downside with 1465.00 & 1461.50 as targets.
Comment
The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)