(07 October 2020)Gold spot ($) Key resistance at 1891.00.

Pivot
 (invalidation): 1891.00
Our preference
Short positions below 1891.00 with targets at 1873.00 & 1864.00 in extension.
Alternative scenario
Above 1891.00 look for further upside with 1898.00 & 1906.00 as targets.
Comment
As Long as the resistance at 1891.00 is not surpassed, the risk of the break below 1873.00
remains high.

(By Swissquote TRADING CENTRAL)