(29 October 2020)Gold spot ($) Key resistance at 1885.00.

Pivot
 (invalidation): 1885.00
Our preference
Short positions below 1885.00 with targets at 1869.00 & 1864.00 in extension.
Alternative scenario
Above 1885.00 look for further upside with 1891.00 & 1899.00 as targets.
Comment
As Long as the resistance at 1885.00 is not surpassed, the risk of the break below 1869.00
remains high.

(By Swissquote TRADING CENTRAL)