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

Further Advance

Our Pivot: 1190.0

Our Preference: Buy above 1198.0 with strict stop loss of 1190.0 and target at 1208.0 and 1212.0.

Alternate Scenario: Downward penetration of 1190.0 will call for 1182.0.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances:.