(07 August 2020)Gold spot ($) Turning down.

Pivot
 (invalidation): 2073.00
Our preference
Short positions below 2073.00 with targets at 2045.00 & 2028.00 in extension.
Alternative scenario
Above 2073.00 look for further upside with 2085.00 & 2100.00 as targets.
Comment
The immediate trend remains down and the momentum is strong.

(By Swissquote TRADING CENTRAL)