(19 March 2020)Gold spot ($) Capped by a negative trend line.

Pivot
 (invalidation): 1500.00
Our preference
Short positions below 1500.00 with targets at 1451.00 & 1430.00 in extension.
Alternative scenario
Above 1500.00 look for further upside with 1523.00 & 1546.00 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)