(07 April 2020)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1636.00
Our preference
Long positions above 1636.00 with targets at 1678.00 & 1697.00 in extension.
Alternative scenario
Below 1636.00 look for further downside with 1624.00 & 1610.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)