(17 January 2020)Gold spot ($) Consolidation in place.

(17 January 2020)Gold spot ($) Consolidation in place.

17 January 2020, 09:04
Jiming Huang
0
29

go
Pivot
 (invalidation): 1555.50
Our preference
Short positions below 1555.50 with targets at 1548.00 & 1544.00 in extension.
Alternative scenario
Above 1555.50 look for further upside with 1560.00 & 1563.00 as targets.
Comment
As Long as 1555.50 is resistance, expect a return to 1548.00.

(By Swissquote TRADING CENTRAL)

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