(29 January 2020)Gold spot ($) Watch 1560.00.

Pivot
 (invalidation): 1570.00
Our preference
Short positions below 1570.00 with targets at 1563.00 & 1560.00 in extension.
Alternative scenario
Above 1570.00 look for further upside with 1573.00 & 1576.00 as targets.
Comment
The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)