(16 March 2020)Gold spot ($) Key resistance at 1563.00.

Pivot
 (invalidation): 1563.00
Our preference
Short positions below 1563.00 with targets at 1524.00 & 1504.00 in extension.
Alternative scenario
Above 1563.00 look for further upside with 1577.00 & 1597.50 as targets.
Comment
The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)