(11 December 2020)Gold spot ($) Capped by a negative trend line.

Pivot
 (invalidation): 1850.00
Our preference
Short positions below 1850.00 with targets at 1825.00 & 1815.00 in extension.
Alternative scenario
Above 1850.00 look for further upside with 1859.00 & 1866.00 as targets.
Comment
The RSI is mixed to bearish.

(By Swissquote TRADING CENTRAL)