(29 MAY 2020)Gold spot ($) Bullish bias above 1708.00.

Pivot
 (invalidation): 1708.00
Our preference
Long positions above 1708.00 with targets at 1728.00 & 1735.00 in extension.
Alternative scenario
Below 1708.00 look for further downside with 1700.00 & 1694.00 as targets.
Comment
The RSI calls for a rebound.

(By Swissquote TRADING CENTRAL)