Gold (GC) Mid-day Analysis 10 Jan 2020

Under Pressure

Our Pivot: 1558.80

Our Preference: Short sell below 1552.30 with strict stop loss of 1558.80 and target at 1540.80 and 1536.80.

Alternate Scenario: Upward penetration of 1558.80 will call for 1568.80.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances:.