(09 January 2020)Gold spot ($) 1540.00 expected.

(09 January 2020)Gold spot ($) 1540.00 expected.

9 January 2020, 09:23
Jiming Huang
0
28

gp
Pivot
 (invalidation): 1568.00
Our preference
Short positions below 1568.00 with targets at 1552.00 & 1540.00 in extension.
Alternative scenario
Above 1568.00 look for further upside with 1578.00 & 1588.00 as targets.
Comment
A break below 1552.00 would trigger a drop towards 1540.00.

(By Swissquote TRADING CENTRAL)

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