Gold (GC) Mid-day Analysis 22 Jan 2020

Further Advance

Our Pivot:1549.34

Our Preference: Buy above 1554.32 with strict stop loss of 1549.34 and target at 1562.62 and 1566.59.

Alternate Scenario: Downward penetration of 1549.34 will call for 1543.06.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.