(06 April 2020)Gold spot ($) Bullish bias above 1605.00.

Pivot
 (invalidation): 1605.00
Our preference
Long positions above 1605.00 with targets at 1627.00 & 1637.00 in extension.
Alternative scenario
Below 1605.00 look for further downside with 1595.00 & 1585.00 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)