Gold (GC) Intra-day Analysis 06 Feb 2020

Further Advance

Our Pivot:1549.50

Our Preference: Buy above 1554.36 with strict stop loss of 1549.50 and target at 1563.50 and 1568.50.

Alternate Scenario: Downward penetration of 1549.50 will call for 1541.50.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.