Gold Spot Watch 1549.00

Pivot (invalidation): 1563.00

Our preference Short positions below 1563.00 with targets at 1552.00 & 1549.00 in extension.

Alternative scenario Above 1563.00 look for further upside with 1567.00 & 1571.50 as targets.

Comment A break below 1552.00 would trigger a drop towards 1549.00.