Gold spot Intraday: bullish bias above 1480.00 (20.12.2019)

Pivot: 1480.00

Our preference: long positions above 1480.00 with targets at 1485.50 & 1489.00 in extension.

Alternative scenario: below 1480.00 look for further downside with 1477.50 & 1475.00 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:
1491.50
1489.00
1485.50
1482.20 Last
1480.00
1477.50
1475.00