Spain has a great squad and they are in my opinion the favorites for Gold. However, I wonder whether especially those players will perform as expected. They had a long season with their clubs, the European Championships right afterwards and now, after a break of a few days, the next big tournament waiting. So it's absolutely possible that they are reaching their physical and mental limits and are not able to perform on the level which they showed us during the Euro.
Still, if Germany manages to reach the QF I really hope we can avoid Spain there