(21 April 2020)Gold spot ($) Intraday support around 1682.50.

Pivot
 (invalidation): 1682.50
Our preference
Long positions above 1682.50 with targets at 1696.00 & 1703.00 in extension.
Alternative scenario
Below 1682.50 look for further downside with 1670.00 & 1662.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)