(29 December 2020)Gold spot ($) Rebound.

 

Pivot
 (invalidation): 1869.00
Our preference
Long positions above 1869.00 with targets at 1886.00 & 1894.00 in extension.
Alternative scenario
Below 1869.00 look for further downside with 1862.00 & 1857.00 as targets.
Comment
The RSI calls for a rebound.

(By Swissquote TRADING CENTRAL)