(26 February 2020)Gold spot ($) Capped by a negative trend line.

Pivot
 (invalidation): 1653.00
Our preference
Short positions below 1653.00 with targets at 1625.00 & 1613.00 in extension.
Alternative scenario
Above 1653.00 look for further upside with 1663.00 & 1672.00 as targets.
Comment
The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)