(07 January 2020)Gold spot ($) Under pressure.

Pivot
 (invalidation): 1568.00
Our preference
Short positions below 1568.00 with targets at 1553.00 & 1541.00 in extension.
Alternative scenario
Above 1568.00 look for further upside with 1579.00 & 1588.00 as targets.
Comment
The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)