(22 January 2020)Gold spot ($) Under pressure.

Pivot
 (invalidation): 1557.50
Our preference
Short positions below 1557.50 with targets at 1546.00 & 1542.00 in extension.
Alternative scenario
Above 1557.50 look for further upside with 1561.00 & 1564.50 as targets.
Comment
The RSI advocates for further downside

(By Swissquote TRADING CENTRAL)