(20 January 2020)Gold spot ($) Bullish bias above 1553.50.

Pivot
 (invalidation): 1553.50
Our preference
Long positions above 1553.50 with targets at 1561.00 & 1564.50 in extension.
Alternative scenario
Below 1553.50 look for further downside with 1549.50 & 1546.50 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)