(14 February 2020)Gold spot ($) Supported by a rising trend line.

Pivot
 (invalidation): 1571.50
Our preference
Long positions above 1571.50 with targets at 1578.00 & 1581.00 in extension.
Alternative scenario
Below 1571.50 look for further downside with 1569.00 & 1565.00 as targets.
Comment
A support base at 1571.50 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)