(24 JULY 2020)Gold spot ($) Intraday support around 1870.00.

Pivot
 (invalidation): 1870.00
Our preference
Long positions above 1870.00 with targets at 1898.00 & 1907.00 in extension.
Alternative scenario
Below 1870.00 look for further downside with 1861.00 & 1846.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)