Hello,
This round rash can be due to nummlar dermatitis. Wear cotton clothes and do not irritate the area. You can take some OTC oral antihistamine medications like Benadryl or Claritin and see if it helps.
For mild-moderate symptoms a weak steroid may be used whilst more severe cases require a higher-potency steroid. But they are available under prescription and should be taken only after consulting a dermatologist. Symptoms can be exacerbated by dryness of the skin. Use good quality moisturizers to prevent moisture loss from the skin.
It is very difficult to precisely confirm a diagnosis without examination and investigations and the answer is based on the medical information provided. For exact diagnosis, you are requested to consult your dermatologist. I sincerely hope that helps. Take care and please do keep me posted on how you are doing.
You really shouldn't pick at it. That could cause an infection. Have you tried putting any Neosporin on it? Other than that I would just try to ignore it until you get to the doctor. Let us know what you find out!