(12 August 2020)Gold spot ($) The downside prevails.

Pivot
 (invalidation): 1908.00
Our preference
Short positions below 1908.00 with targets at 1860.00 & 1840.00 in extension.
Alternative scenario
Above 1908.00 look for further upside with 1929.00 & 1951.00 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)