Gold (GC) Mid-day Analysis 03 Jan 2020

Further Advance

Our Pivot:1540.89

Our Preference: Buy above 1546.50 with strict stop loss of 1540.89 and target at 1557.50 and 1562.50.

Alternate Scenario: Downward penetration of 1540.89 will call for 1531.60.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.