(08 January 2020)Gold spot ($) Bullish bias above 1579.00.

Pivot
 (invalidation): 1579.00
Our preference
Long positions above 1579.00 with targets at 1602.50 & 1611.00 in extension.
Alternative scenario
Below 1579.00 look for further downside with 1571.00 & 1563.00 as targets.
Comment
The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)