Gold (GC) Intra-day Analysis 20 Jan 2020

Further Advance

Our Pivot:1553.88

Our Preference: Buy above 1557.71 with strict stop loss of 1553.88 and target at 1565.00 and 1568.00.

Alternate Scenario: Downward penetration of 1553.88 will call for 1548.63.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.