(20 February 2020)Gold spot ($) Further upside.

(20 February 2020)Gold spot ($) Further upside.

20 February 2020, 09:01
Jiming Huang
0
58

go
Pivot
 (invalidation): 1603.00
Our preference
Long positions above 1603.00 with targets at 1616.00 & 1620.00 in extension.
Alternative scenario
Below 1603.00 look for further downside with 1597.00 & 1593.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)

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