(27 January 2020)Gold spot ($) Target 1588.50.

Pivot
 (invalidation): 1573.00
Our preference
Long positions above 1573.00 with targets at 1585.50 & 1588.50 in extension.
Alternative scenario
Below 1573.00 look for further downside with 1568.00 & 1564.00 as targets.
Comment
The RSI advocates for further advance.

(By Swissquote TRADING CENTRAL)