(12 February 2020)Gold spot ($) Target 1560.00.

Pivot
 (invalidation): 1571.00
Our preference
Short positions below 1571.00 with targets at 1563.00 & 1560.00 in extension.
Alternative scenario
Above 1571.00 look for further upside with 1574.00 & 1577.00 as targets.
Comment
As Long as the resistance at 1571.00 is not surpassed, the risk of the break below 1563.00
remains high.

(By Swissquote TRADING CENTRAL)