Gold (GC) Intra-day Analysis 16 Dec 2019

Further Advance

Our Pivot:1470.72

Our Preference: Buy above 1476.50 with strict stop loss of 1470.72 and target at 1470.72 and 1488.50.

Alternate Scenario: Downward penetration of 1470.72 will call for 1462.35.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.