(04 August 2020)Gold spot ($) Look for 2000.00.

Pivot
 (invalidation): 1966.00
Our preference
Long positions above 1966.00 with targets at 1988.00 & 2000.00 in extension.
Alternative scenario
Below 1966.00 look for further downside with 1959.00 & 1949.00 as targets.
Comment
The RSI is bullish and calls for further upside.

(By Swissquote TRADING CENTRAL)