(06 March 2020)Gold spot ($) Bullish bias above 1660.00.

Pivot
 (invalidation): 1660.00
Our preference
Long positions above 1660.00 with targets at 1676.50 & 1689.00 in extension.
Alternative scenario
Below 1660.00 look for further downside with 1653.00 & 1649.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)