• PLATINUM $872.259
  • SILVER $24.62
  • GOLD $1901.99

Resistance at $1564 and support at $1553


January 20, 2020

Spot gold may touch resistance at $1564 per ounce. Gold able to stay above at Jan 16, 2020 high of $1557.90. This suggest extension of bounce from $1535.60 level. Above $1564 it may travel towards $1600 again.

Range of support is at $1553 - $1557, a break below may force gold to visit at $1540.

Geopolitical situation in Gulf region and US-China trade deal may take both ways turn at any time. This pressure helps safe-haven yellow metal to remain over and over from $1557 point.

« Back to News & Reports List