(18 December 2019)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1473.50
Our preference
Long positions above 1473.50 with targets at 1480.50 & 1484.00 in extension.
Alternative scenario
Below 1473.50 look for further downside with 1469.50 & 1465.50 as targets.
Comment
A support base at 1473.50 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)