Technically the overall trend still looks bearish after the last session selling pressure. However, the bears need to see a confirmed break below the crucial support of $1760 for further downside. On the flip side, the first resistance is located for the metal around $1785, a break above $1795 will confirm a possible move to $1804/15.
I too am watching the movements of Gold. Will it really drop much further? I’m planning on going long with a half lot two hours from now hoping it’l get to 1776.
