(03 September 2020)Gold spot ($) Key resistance at 1954.00.

Pivot
 (invalidation): 1954.00
Our preference
Short positions below 1954.00 with targets at 1932.00 & 1922.00 in extension.
Alternative scenario
Above 1954.00 look for further upside with 1969.00 & 1979.00 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)