Gold (GC) Mid-day Analysis 16 Jan 2020

Further Advance

Our Pivot:1547.00

Our Preference: Buy above 1553.00 with strict stop loss of 1547.00 and target at 1562.00 and 1566.00.

Alternate Scenario: Downward penetration of 1547.00 will call for 1540.00.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.