Gold (GC) Evening Analysis 06 Jan 2020

Further Advance

Our Pivot:1571.30

Our Preference: Buy above 1576.50 with strict stop loss of 1571.30 and target at 1588.20 and 1592.90.

Alternate Scenario: Downward penetration of 1571.30 will call for 1563.00.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.