(14 January 2020)Gold spot ($) The downside prevails.

Pivot
 (invalidation): 1548.00
Our preference
Short positions below 1548.00 with targets at 1531.00 & 1524.00 in extension.
Alternative scenario
Above 1548.00 look for further upside with 1556.00 & 1562.00 as targets.
Comment
The RSI has broken down its 30 level.

(By Swissquote TRADING CENTRAL)