(16 January 2020)Gold spot ($) Expect 1568.00.

(16 January 2020)Gold spot ($) Expect 1568.00.

16 January 2020, 09:04
Jiming Huang
0
91

  go
Pivot
 (invalidation): 1550.00
Our preference
Long positions above 1550.00 with targets at 1563.00 & 1568.00 in extension.
Alternative scenario
Below 1550.00 look for further downside with 1546.50 & 1541.00 as targets.
Comment
The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL)

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