![(12 August 2020)Gold spot ($) The downside prevails. (12 August 2020)Gold spot ($) The downside prevails.](https://c.mql5.com/6/870/splash-738834.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
0
77
Pivot
(invalidation): 1908.00
Our preference
Short positions below 1908.00 with targets at 1860.00 & 1840.00 in extension.
Alternative scenario
Above 1908.00 look for further upside with 1929.00 & 1951.00 as targets.
Comment
The RSI is bearish and calls for further decline.
(By Swissquote TRADING CENTRAL)