(02 March 2020)Gold spot ($) Rebound expected.

Pivot
 (invalidation): 1579.00
Our preference
Long positions above 1579.00 with targets at 1606.00 & 1618.00 in extension.
Alternative scenario
Below 1579.00 look for further downside with 1563.00 & 1552.00 as targets.
Comment
The RSI is mixed with a bullish bias.

(By Swissquote TRADING CENTRAL)