(07 MAY 2020)Gold spot ($) Key resistance at 1698.00.

Pivot
 (invalidation): 1698.00
Our preference
Short positions below 1698.00 with targets at 1681.00 & 1674.00 in extension.
Alternative scenario
Above 1698.00 look for further upside with 1705.00 & 1712.00 as targets.
Comment
The RSI has just struck against its neutrality area at 50%.

(By Swissquote TRADING CENTRAL)