(20 August 2020)Gold spot ($) Rebound expected.

Pivot
 (invalidation): 1924.00
Our preference
Long positions above 1924.00 with targets at 1965.00 & 1976.00 in extension.
Alternative scenario
Below 1924.00 look for further downside with 1906.00 & 1893.00 as targets.
Comment
The RSI has broken up its 30 level.

(By Swissquote TRADING CENTRAL)