(24 January 2020)Gold spot ($) Look for 1568.00.

Pivot
 (invalidation): 1558.00
Our preference
Long positions above 1558.00 with targets at 1564.00 & 1568.00 in extension.
Alternative scenario
Below 1558.00 look for further downside with 1554.50 & 1551.50 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limite

(By Swissquote TRADING CENTRAL)