(30 January 2020)Gold spot ($) Watch 1588.50.

Pivot
 (invalidation): 1574.50
Our preference
Long positions above 1574.50 with targets at 1586.00 & 1588.50 in extension.
Alternative scenario
Below 1574.50 look for further downside with 1571.00 & 1567.00 as targets.
Comment
The RSI is bullish and calls for further advance.

(By Swissquote TRADING CENTRAL)