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

Pivot
 (invalidation): 1702.00
Our preference
Long positions above 1702.00 with targets at 1722.00 & 1730.00 in extension.
Alternative scenario
Below 1702.00 look for further downside with 1691.00 & 1678.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)