Gold (GC) Mid-day Analysis 08 Jan 2020

Further Advance

Our Pivot:1580.00

Our Preference: Buy above 1584.47 with strict stop loss of 1580.00 and target at 1602.00 and 1608.50.

Alternate Scenario: Downward penetration of 1580.00 will call for 1571.50.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.