(17 August 2020)Gold spot ($) Capped by a negative trend line.

Pivot
 (invalidation): 1956.00
Our preference
Short positions below 1956.00 with targets at 1920.00 & 1906.00 in extension.
Alternative scenario
Above 1956.00 look for further upside with 1966.00 & 1983.00 as targets.
Comment
The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)