(05 August 2020)Gold spot ($) Caution.

Pivot
 (invalidation): 2007.00
Our preference
Long positions above 2007.00 with targets at 2031.00 & 2042.00 in extension.
Alternative scenario
Below 2007.00 look for further downside with 2000.00 & 1993.00 as targets.
Comment
The RSI is mixed and calls for caution.

(By Swissquote TRADING CENTRAL)