(10 August 2020)Gold spot ($) Key resistance at 2047.00.

Pivot
 (invalidation): 2047.00
Our preference
Short positions below 2047.00 with targets at 2015.00 & 2000.00 in extension.
Alternative scenario
Above 2047.00 look for further upside with 2064.00 & 2075.00 as targets.
Comment
As Long as the resistance at 2047.00 is not surpassed, the risk of the break below 2015.00
remains high.

(By Swissquote TRADING CENTRAL)