Gold (FEB-17) Intra-day Analysis 12 January 2017

Further Advance

Our Pivot: 1187.8

Our Preference: Buy above 1194.0 with strict stop loss of 1187.8 and target at 1202.8 and 1207.8.

Alternate Scenario: Downward penetration of 1187.8 will call for 1181.8.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances:.