(02 September 2020)Gold spot ($) The downside prevails.

Pivot
 (invalidation): 1974.00
Our preference
Short positions below 1974.00 with targets at 1954.00 & 1944.00 in extension.
Alternative scenario
Above 1974.00 look for further upside with 1983.00 & 1992.00 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)