(13 January 2020)Gold spot ($) Bullish bias above 1552.00.

(13 January 2020)Gold spot ($) Bullish bias above 1552.00.

13 January 2020, 09:16
Jiming Huang
0
32

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Pivot
 (invalidation): 1552.00
Our preference
Long positions above 1552.00 with targets at 1563.00 & 1569.50 in extension.
Alternative scenario
Below 1552.00 look for further downside with 1545.50 & 1540.00 as targets.
Comment
The RSI is mixed with a bullish bias

(By Swissquote TRADING CENTRAL)

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