![(31 January 2020)Gold spot ($) The downside prevails. (31 January 2020)Gold spot ($) The downside prevails.](https://c.mql5.com/6/852/splash-733279.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
0
75
Pivot
(invalidation):
1578.00
Our preference
Short positions below 1578.00 with targets at 1567.00 & 1563.50 in extension.
Alternative
scenario
Above 1578.00 look for further upside with 1582.00 & 1585.50 as targets.
Comment
The RSI is bearish and
calls for further decline.
(By Swissquote TRADING CENTRAL)