(26 August 2020)Gold spot ($) Key resistance at 1937.00.

Pivot
 (invalidation): 1937.00
Our preference
Short positions below 1937.00 with targets at 1911.00 & 1900.00 in extension.
Alternative scenario
Above 1937.00 look for further upside with 1946.00 & 1954.00 as targets.
Comment
As Long as 1937.00 is resistance, look for choppy price action with a bearish bias.