(06 November 2020)Gold spot ($) The bias remains bullish.

Pivot
 (invalidation): 1926.00
Our preference
Long positions above 1926.00 with targets at 1953.00 & 1965.00 in extension.
Alternative scenario
Below 1926.00 look for further downside with 1916.00 & 1902.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)