Gold (GC) Intra-day Analysis 21 Jan 2020

Further Advance

Our Pivot:1556.50

Our Preference: Buy above 1562.00 with strict stop loss of 1556.50 and target at 1572.00 and 1576.00.

Alternate Scenario: Downward penetration of 1556.50 will call for 1548.63.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.