(24 August 2020)Gold spot ($) Capped by a negative trend line.

Pivot
 (invalidation): 1951.00
Our preference
Short positions below 1951.00 with targets at 1921.00 & 1911.00 in extension.
Alternative scenario
Above 1951.00 look for further upside with 1965.50 & 1976.00 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down

(By Swissquote TRADING CENTRAL)