(05 March 2020)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1631.00
Our preference
Long positions above 1631.00 with targets at 1649.00 & 1660.00 in extension.
Alternative scenario
Below 1631.00 look for further downside with 1623.00 & 1611.00 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)