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

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)