(09 JUNE 2020)Gold spot ($) Bullish bias above 1685.00.

Pivot
 (invalidation): 1685.00
Our preference
Long positions above 1685.00 with targets at 1705.00 & 1712.00 in extension.
Alternative scenario
Below 1685.00 look for further downside with 1676.00 & 1668.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)